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5 Stocks Pushing The Electronics Industry Higher

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

The Dow Jones Industrial Average (^DJI) steady at 13,953 as of Wednesday, Jan. 30, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,129 issues advancing vs. 1,699 declining with 163 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.0%. Top gainers within the industry include Freescale Semiconductor (FSL), up 17.0%, Silicon Laboratories (SLAB), up 3.8%, ON Semiconductor Corporation (ONNN), up 2.3% and Kyocera Corporation (KYO), up 1.6%. On the negative front, top decliners within the industry include Spansion Inc Class A (CODE), down 10.2%, Advanced Semiconductor Engineering (ASX), down 2.9% and Siliconware Precision Industries (SPIL), down 2.3%.

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

5. Avago Technologies (AVGO) is one of the companies pushing the Electronics industry higher today. As of noon trading, Avago Technologies is up $0.63 (1.8%) to $35.20 on average volume Thus far, 1.0 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $34.48-$35.33 after having opened the day at $34.49 as compared to the previous trading day's close of $34.57.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $8.5 billion and is part of the technology sector. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Avago Technologies Ratings Report now.

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4. As of noon trading, Altera (ALTR) is up $0.20 (0.6%) to $33.47 on light volume Thus far, 1.2 million shares of Altera exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $33.11-$33.66 after having opened the day at $33.34 as compared to the previous trading day's close of $33.27.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Altera has a market cap of $10.7 billion and is part of the technology sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Altera a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its 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 somewhat weak growth in earnings per share. Get the full Altera Ratings Report now.

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3. As of noon trading, ASML (ASML) is up $0.54 (0.7%) to $75.81 on light volume Thus far, 444,559 shares of ASML exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $75.34-$75.98 after having opened the day at $75.57 as compared to the previous trading day's close of $75.27.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $38.1 billion and is part of the technology sector. Shares are up 17.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate ASML a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates ASML 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, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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2. As of noon trading, Micron Technology (MU) is up $0.06 (0.8%) to $7.64 on light volume Thus far, 7.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.0 million shares. The stock has ranged in price between $7.58-$7.73 after having opened the day at $7.58 as compared to the previous trading day's close of $7.58.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $8.0 billion and is part of the technology sector. Shares are up 23.3% year to date as of the close of trading on Tuesday. Currently there are 20 analysts that rate Micron Technology a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Micron Technology 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 weak operating cash flow. Get the full Micron Technology Ratings Report now.

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1. As of noon trading, Broadcom Corporation (BRCM) is up $0.50 (1.5%) to $34.22 on heavy volume Thus far, 6.1 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $33.70-$34.41 after having opened the day at $33.86 as compared to the previous trading day's close of $33.71.

Broadcom Corporation designs and develops semiconductor solutions for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions. Broadcom Corporation has a market cap of $17.4 billion and is part of the technology sector. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Tuesday. Currently there are 34 analysts that rate Broadcom Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Broadcom Corporation 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Broadcom Corporation Ratings Report now.

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If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor (SSG).

A reminder about TheStreet Ratings group: 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.

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