5 Stocks Pushing The Electronics Industry Lower

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%. 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%. 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%.

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

5. KLA-Tencor Corporation (KLAC) is one of the companies pushing the Electronics industry lower today. As of noon trading, KLA-Tencor Corporation is down $0.96 (-2.0%) to $45.96 on average volume Thus far, 899,141 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $45.96-$46.92 after having opened the day at $46.83 as compared to the previous trading day's close of $46.92.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate KLA-Tencor Corporation a buy, 3 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KLA-Tencor Corporation 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, attractive valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full KLA-Tencor Corporation Ratings Report now.

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