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

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 higher today making it today's featured technology winner. The sector as a whole closed the day down 2.1%. By the end of trading, NXP Semiconductor rose $1.14 (2.0%) to $58.09 on heavy volume. Throughout the day, 5,287,167 shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 3,336,500 shares. The stock ranged in a price between $57.43-$60.31 after having opened the day at $59.12 as compared to the previous trading day's close of $56.95. Other companies within the Technology sector that increased today were: Elephant Talk Communications ( ETAK), up 18.9%, EXFO ( EXFO), up 11.5%, Identive Group ( INVE), up 10.5% and Schmitt Industries ( SMIT), up 9.8%.

NXP Semiconductors N.V. provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductor has a market cap of $14.2 billion and is part of the electronics industry. Shares are up 24.0% year to date as of the close of trading on Tuesday. 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 negative front, Plug Power ( PLUG), down 23.9%, Sungy Mobile Ltd ADR ( GOMO), down 23.3%, Silicom ( SILC), down 14.3% and ReneSola ( SOL), down 14.0% , were all laggards within the technology sector with Baidu ( BIDU) being today's technology sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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