4 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

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%. 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%. 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%.

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

4. AU Optronics Corporation (AUO) is one of the companies pushing the Electronics industry lower today. As of noon trading, AU Optronics Corporation is down $0.10 (-2.5%) to $3.92 on light volume Thus far, 366,832 shares of AU Optronics Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $3.92-$3.98 after having opened the day at $3.98 as compared to the previous trading day's close of $4.02.

AU Optronics Corp., together with its subsidiaries, engages in the design, development, manufacture, assembly, and marketing of flat panel displays, primarily thin film transistor liquid crystal display (TFT-LCD) panels. AU Optronics Corporation has a market cap of $3.5 billion and is part of the technology sector. Shares are down 13.1% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates AU Optronics Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates AU Optronics Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full AU Optronics Corporation Ratings Report now.

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3. As of noon trading, STMicroelectronics (STM) is down $0.06 (-0.7%) to $8.33 on average volume Thus far, 641,127 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $8.29-$8.37 after having opened the day at $8.35 as compared to the previous trading day's close of $8.39.

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 $7.5 billion and is part of the technology sector. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Tuesday. 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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2. As of noon trading, Roper Industries (ROP) is down $0.67 (-0.6%) to $118.53 on light volume Thus far, 74,278 shares of Roper Industries exchanged hands as compared to its average daily volume of 455,400 shares. The stock has ranged in price between $118.22-$118.88 after having opened the day at $118.66 as compared to the previous trading day's close of $119.20.

Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software. Roper Industries has a market cap of $11.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Roper Industries a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Roper Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Roper Industries Ratings Report now.

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1. As of noon trading, Corning (GLW) is down $0.26 (-2.1%) to $11.98 on average volume Thus far, 9.3 million shares of Corning exchanged hands as compared to its average daily volume of 14.6 million shares. The stock has ranged in price between $11.90-$12.25 after having opened the day at $12.24 as compared to the previous trading day's close of $12.23.

Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $18.0 billion and is part of the technology sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are down 3.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Corning a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning 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, attractive valuation levels 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 Corning 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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