NXP Semiconductor NV (NXPI): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

NXP Semiconductor ( NXPI) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.4%. By the end of trading, NXP Semiconductor fell $1.42 (-2.4%) to $57.14 on average volume. Throughout the day, 2,916,469 shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 3,475,100 shares. The stock ranged in price between $56.95-$58.88 after having opened the day at $58.48 as compared to the previous trading day's close of $58.56. Other companies within the Technology sector that declined today were: Cimatron ( CIMT), down 15.8%, Smith Micro Software ( SMSI), down 12.8%, Dot Hill Systems Corporation ( HILL), down 12.8% and Varonis Systems ( VRNS), down 11.2%.

NXP Semiconductors N.V. provides mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It provides integrated circuits (ICs) and discrete semiconductors. NXP Semiconductor has a market cap of $15.1 billion and is part of the electronics industry. Shares are up 30.4% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the positive front, UBIC Inc ADR ( UBIC), up 71.8%, Plug Power ( PLUG), up 24.7%, Mattersight ( MATR), up 20.8% and Montage Technology Group ( MONT), up 20.4% , were all gainers within the technology sector with Taiwan Semiconductor Manufacturing ( TSM) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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