3 Electronics Stocks Nudging The Industry Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 131 points (-0.7%) at 17,945 as of Thursday, March 19, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 912 issues advancing vs. 2,103 declining with 122 unchanged.
The Electronics industry currently sits up 0.3% versus the S&P 500, which is down 0.6%. Top gainers within the industry include
(
), up 3.1%,
Siliconware Precision Industries
(
), up 2.0%,
Advanced Semiconductor Engineering
(
), up 1.8%,
(
), up 1.3% and
(
), up 1.2%. On the negative front, top decliners within the industry include
(
), down 2.4%,
(
), down 2.3%,
(
), down 1.7%,
(
), down 1.6% and
(
), down 1.6%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Electronics industry higher today. As of noon trading, Avago Technologies is up $1.67 (1.3%) to $132.11 on average volume. Thus far, 932,745 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $130.02-$132.48 after having opened the day at $130.50 as compared to the previous trading day's close of $130.44.
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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $33.1 billion and is part of the technology sector. Shares are up 29.7% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Avago Technologies
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Avago Technologies Ratings Report
now.
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2. As of noon trading,
(
) is up $0.58 (0.6%) to $105.94 on light volume. Thus far, 952,747 shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $104.70-$106.23 after having opened the day at $105.46 as compared to the previous trading day's close of $105.36.
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NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductors has a market cap of $26.1 billion and is part of the technology sector. Shares are up 37.9% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate NXP Semiconductors a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
NXP Semiconductors
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
NXP Semiconductors Ratings Report
now.
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1. As of noon trading,
(
) is up $2.13 (2.2%) to $99.25 on average volume. Thus far, 1.9 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $97.25-$99.60 after having opened the day at $97.45 as compared to the previous trading day's close of $97.12.
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Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $18.6 billion and is part of the technology sector. Shares are up 33.6% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Skyworks Solutions
as a
. 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, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full
Skyworks Solutions Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings 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
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
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