3 Stocks Pushing The Electronics Industry Lower
1. As of noon trading, Texas Instruments ( TXN) is down $0.33 (-0.9%) to $35.29 on average volume Thus far, 5.6 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $35.05-$35.38 after having opened the day at $35.20 as compared to the previous trading day's close of $35.62. Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $39.3 billion and is part of the technology sector. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are up 15.3% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Texas Instruments a buy, 5 analysts rate it a sell, and 16 rate it a hold. TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Texas Instruments Ratings Report now. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE If you are interested in one of these 3 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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