5 Stocks Pushing The Electronics Industry Higher

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

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Aeroflex (ARX), up 17.9%, EZChip Semiconductor (EZCH), up 15.2%, AU Optronics Corporation (AUO), up 3.9%, Advanced Semiconductor Engineering (ASX), up 3.0% and United Microelectronics (UMC), up 1.4%. On the negative front, top decliners within the industry include Cirrus Logic (CRUS), down 3.9%, Nationstar Mortgage Holdings (NSM), down 2.4%, Atmel Corporation (ATML), down 3.1%, STMicroelectronics (STM), down 1.1% and Garmin (GRMN), down 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Maxim Integrated Products (MXIM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Maxim Integrated Products is up $0.40 (1.4%) to $29.00 on light volume Thus far, 812,596 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $28.66-$29.09 after having opened the day at $29.09 as compared to the previous trading day's close of $28.60.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.6 billion and is part of the technology sector. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are up 12.9% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Maxim Integrated Products Ratings Report now.

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