5 Stocks Pushing The Electronics Industry Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the electronics industry higher today, Nov. 14, 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged. The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include STMicroelectronics ( STM), up 2.6%, and Broadcom Corporation ( BRCM), up 2.5%. On the negative front, top decliners within the industry include Amphenol ( APH), down 1.2%, and Taiwan Semiconductor Manufacturing ( TSM), down 1.1%. TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today: 5. Cavium ( CAVM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Cavium is up $1.86 (6.0%) to $32.59 on heavy volume Thus far, 686,807 shares of Cavium exchanged hands as compared to its average daily volume of 841,100 shares. The stock has ranged in price between $32.00-$33.27 after having opened the day at $32.16 as compared to the previous trading day's close of $30.73. Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. Its semiconductor products enable customers to develop networking, wireless, storage, and electronic equipment. Cavium has a market cap of $1.6 billion and is part of the technology sector. The company has a P/E ratio of -36.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Cavium a buy, 1 analyst rates it a sell, and 5 rate it a hold. TheStreet Ratings rates Cavium as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Cavium Ratings Report now.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.