4 Stocks Pushing The Electronics Industry Higher

Correction: The original version of this article misstated the P/E ratio for ASML Holding N.V.

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the industry include KLA-Tencor Corporation (KLAC), up 1.4%, Texas Instruments (TXN), up 1.2% and Agilent Technologies (A), up 0.8%. On the negative front, top decliners within the industry include Skyworks Solutions (SWKS), down 8.1%, Broadcom Corporation (BRCM), down 4.3%, AU Optronics Corporation (AUO), down 3.0%, Corning (GLW), down 1.6% and Taiwan Semiconductor Manufacturing (TSM), down 0.8%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. STMicroelectronics (STM) is one of the companies pushing the Electronics industry higher today. As of noon trading, STMicroelectronics is up $0.12 (1.7%) to $6.90 on average volume Thus far, 611,863 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $6.84-$6.91 after having opened the day at $6.88 as compared to the previous trading day's close of $6.79.

STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. STMicroelectronics has a market cap of $6.0 billion 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 14.5% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate STMicroelectronics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full STMicroelectronics Ratings Report now.

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