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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.

The Electronics industry currently sits down 0.6% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering (ASX), down 1.4%, and Taiwan Semiconductor Manufacturing (TSM), down 1.1%. Top gainers within the industry include CGG (CGG), up 2.0%, Marvell Technology Group (MRVL), up 1.3%, Agilent Technologies (A), up 0.6%, LG.Display Company (LPL), up 0.7% and Intel (INTC), up 0.5%.

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

5. TE Connectivity (TEL) is one of the companies pushing the Electronics industry lower today. As of noon trading, TE Connectivity is down $0.40 (-1.0%) to $40.61 on light volume Thus far, 600,999 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $40.55-$41.17 after having opened the day at $41.13 as compared to the previous trading day's close of $41.01.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $17.0 billion and is part of the technology sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance, 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 TE Connectivity Ratings Report now.

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