InvenSense Inc (INVN): Today's Featured Electronics 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.

InvenSense ( INVN) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.6%. By the end of trading, InvenSense fell $0.37 (-1.6%) to $23.30 on average volume. Throughout the day, 2,950,845 shares of InvenSense exchanged hands as compared to its average daily volume of 2,949,700 shares. The stock ranged in price between $22.60-$23.77 after having opened the day at $22.99 as compared to the previous trading day's close of $23.67. Other companies within the Electronics industry that declined today were: Giga-tronics ( GIGA), down 8.3%, Vicon Industries ( VII), down 8.0%, Forward Industries ( FORD), down 7.7% and Vimicro International Corporation ( VIMC), down 6.2%.

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics. InvenSense has a market cap of $2.0 billion and is part of the technology sector. Shares are up 13.9% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate InvenSense a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates InvenSense as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation.

On the positive front, China BAK Battery ( CBAK), up 17.3%, Rubicon Technology ( RBCN), up 15.0%, China Sunergy ( CSUN), up 12.5% and Maxwell Technologies ( MXWL), up 11.1% , were all gainers within the electronics industry with SolarCity ( SCTY) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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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