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.Intel ( INTC) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 2.5%. By the end of trading, Intel fell $0.49 (-1.8%) to $26.26 on average volume. Throughout the day, 33,228,371 shares of Intel exchanged hands as compared to its average daily volume of 30,154,000 shares. The stock ranged in price between $26.18-$26.72 after having opened the day at $26.65 as compared to the previous trading day's close of $26.75. Other companies within the Electronics industry that declined today were: Mellanox Technologies ( MLNX), down 15.3%, Freescale Semiconductor ( FSL), down 13.8%, Yingli Green Energy ( YGE), down 12.8% and Plug Power ( PLUG), down 10.7%.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $133.0 billion and is part of the technology sector. Shares are up 3.1% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates Intel as a buy. 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, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.