3 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 up today with the Dow Jones Industrial Average (^DJI) trading up 48 points (0.4%) at 12,859 as of Friday, Nov. 9, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,662 issues advancing vs. 1,212 declining with 143 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Applied Materials (AMAT), up 2.1%, Texas Instruments (TXN), up 1.7%, SanDisk (SNDK), up 1.5% and Intel (INTC), up 1.0%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Spreadtrum Communications (SPRD) is one of the companies pushing the Electronics industry lower today. As of noon trading, Spreadtrum Communications is down $2.35 (-11.0%) to $18.98 on heavy volume Thus far, 1.8 million shares of Spreadtrum Communications exchanged hands as compared to its average daily volume of 821,100 shares. The stock has ranged in price between $18.18-$19.51 after having opened the day at $19.20 as compared to the previous trading day's close of $21.33.

Spreadtrum Communications, Inc., a fabless semiconductor company, engages in the design, development, and marketing of mobile chipset platforms for smartphones, feature phones, and other consumer electronics products in the People's Republic of China and internationally. Spreadtrum Communications has a market cap of $999.1 million and is part of the technology sector. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Spreadtrum Communications a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Spreadtrum Communications 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Spreadtrum Communications Ratings Report now.

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