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Agilent Technologies Inc (A): Today's Featured Electronics Laggard

Tickers in this article: A

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Agilent Technologies ( A) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Agilent Technologies fell $1.43 (-3.4%) to $41.30 on average volume. Throughout the day, 5,268,903 shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3,628,700 shares. The stock ranged in price between $40.69-$42.57 after having opened the day at $42.44 as compared to the previous trading day's close of $42.73. Other companies within the Electronics industry that declined today were: Telenav ( TNAV), down 12.8%, Itron ( ITRI), down 10.2%, PMC-Sierra ( PMCS), down 9.7% and Cirrus Logic ( CRUS), down 8.9%.

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Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $14.9 billion and is part of the health care sector. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Agilent Technologies 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, SemiLEDs ( LEDS), down 20.6%, Canadian Solar ( CSIQ), down 15.2%, Microvision ( MVIS), down 14.6% and Transcat ( TRNS), down 14.5% , were all gainers within the electronics industry with SunPower Corporation ( SPWR) 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).

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