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 up today with the Dow Jones Industrial Average (^DJI) trading up 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the industry include Cubic Corporation (CUB), down 3.8%, Micron Technology (MU), down 2.4% and Advanced Semiconductor Engineering (ASX), down 0.7%. Top gainers within the industry include Geospace Technologies (GEOS), up 29.6%, Dolby Laboratories (DLB), up 6.3%, Cirrus Logic (CRUS), up 4.4%, Cepheid (CPHD), up 3.2% and AU Optronics Corporation (AUO), up 2.4%.

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

5. Nam Tai Electronics (NTE) is one of the companies pushing the Electronics industry lower today. As of noon trading, Nam Tai Electronics is down $1.53 (-10.6%) to $12.96 on heavy volume Thus far, 1.3 million shares of Nam Tai Electronics exchanged hands as compared to its average daily volume of 716,600 shares. The stock has ranged in price between $12.65-$14.49 after having opened the day at $14.48 as compared to the previous trading day's close of $14.49.

Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. Nam Tai Electronics has a market cap of $657.3 million and is part of the technology sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 176.3% year to date as of the close of trading on Friday. Currently there are no analysts that rate Nam Tai Electronics a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nam Tai Electronics as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Nam Tai Electronics Ratings Report now.

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