Lam Research Corp (LRCX): Today's Featured Electronics 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.

Lam Research ( LRCX) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.1%. By the end of trading, Lam Research rose $1.34 (2.4%) to $57.61 on average volume. Throughout the day, 3,138,947 shares of Lam Research exchanged hands as compared to its average daily volume of 2,361,200 shares. The stock ranged in a price between $56.90-$58.58 after having opened the day at $57.74 as compared to the previous trading day's close of $56.27. Other companies within the Electronics industry that increased today were: Vimicro International ( VIMC), up 13.3%, Advanced Photonix ( API), up 10.9%, Kulicke & Soffa Industries ( KLIC), up 7.9% and Pericom Semiconductor ( PSEM), up 7.6%.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers plasma etch products that remove materials from the wafer to create the features and patterns of a device. Lam Research has a market cap of $9.2 billion and is part of the technology sector. The company has a P/E ratio of 27.7, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Lam Research a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Lam Research as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Power Integrations ( POWI), down 19.1%, Faro Technologies ( FARO), down 15.5%, CSR ( CSRE), down 10.6% and FEI ( FEIC), down 10.4% , were all laggards within the electronics industry with Texas Instruments ( TXN) being today's electronics industry laggard.

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).

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

If you liked this article you might like

Cramer: The Market Is Back to the Late '80s, Early '90s

Why I Love Apple, Alphabet, Nvidia and These Other Stocks for September

Sneaky Rally; Wells Fargo Needs Outside Help -- Jim Cramer's Top Thoughts

Cramer: Good News Stirs a Sneaky Rally

Markets Focus on Business: Cramer's 'Mad Money' Recap (Monday 8/28/17 )