3 Stocks Pushing The Electronics Industry Higher
TheStreet Ratings group would like to highlight 3 stocks pushing the electronics industry higher today, Nov. 13, 2012.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 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged. The Electronics industry currently sits down 0.2% versus the S&P 500, which is up 0.5%. Top gainers within the industry include Micron Technology ( MU), up 1.9%, NVIDIA Corporation ( NVDA), up 0.3% and SanDisk ( SNDK), up 0.8%. On the negative front, top decliners within the industry include AU Optronics Corporation ( AUO), down 4.8%, Advanced Semiconductor Engineering ( ASX), down 4.3%, Siliconware Precision Industries ( SPIL), down 4.0% and KLA-Tencor Corporation ( KLAC), down 1.2%. TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today: 3. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Trimble Navigation is up $0.59 (1.1%) to $53.13 on light volume Thus far, 125,827 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 689,200 shares. The stock has ranged in price between $51.77-$53.26 after having opened the day at $52.22 as compared to the previous trading day's close of $52.54. Trimble Navigation Limited provides positioning, wireless, and software technology solutions. Trimble Navigation has a market cap of $6.7 billion and is part of the technology sector. The company has a P/E ratio of 36.0, above the S&P 500 P/E ratio of 17.7. Shares are up 21.9% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Trimble Navigation Ratings Report now.
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