Cirrus Logic Inc (CRUS): 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.

Cirrus Logic ( CRUS) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 2.4%. By the end of trading, Cirrus Logic rose $1.00 (4.8%) to $21.63 on heavy volume. Throughout the day, 5,750,027 shares of Cirrus Logic exchanged hands as compared to its average daily volume of 1,742,000 shares. The stock ranged in a price between $21.20-$21.94 after having opened the day at $21.41 as compared to the previous trading day's close of $20.63. Other companies within the Technology sector that increased today were: Vasco Data Security International ( VDSI), up 19.0%, Itron ( ITRI), up 10.9%, VirnetX ( VHC), up 9.3% and Premiere Global Services ( PGI), up 7.7%.

Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. Cirrus Logic has a market cap of $1.2 billion and is part of the electronics industry. Shares are up 1.0% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Cirrus Logic a buy, 3 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cirrus Logic as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, CommVault Systems ( CVLT), down 30.6%, CalAmp ( CAMP), down 24.4%, Mellanox Technologies ( MLNX), down 15.3% and Digi International ( DGII), down 14.1% , were all laggards within the technology sector with Hewlett-Packard ( HPQ) 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.

More from Markets

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries