3 Stocks Moving The Electronics Industry Upward

TheStreet highlights 3 stocks pushing the electronics industry higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.7%. Top gainers within the industry include

Semiconductor Manufacturing International C

(

SMI

), up 13.7%, and

Analog Devices

(

ADI

), up 1.1%. On the negative front, top decliners within the industry include

IPG Photonics

(

IPGP

), down 3.6%,

Garmin

(

GRMN

), down 2.3%,

Sensata Technologies Holding N.V

(

ST

), down 1.9%,

NXP Semiconductors

(

NXPI

), down 1.5% and

Ametek

(

AME

), down 1.4%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3.

Advanced Semiconductor Engineering

(

ASX

) is one of the companies pushing the Electronics industry higher today. As of noon trading, Advanced Semiconductor Engineering is up $0.04 (0.7%) to $5.59 on light volume. Thus far, 378,604 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $5.52-$5.59 after having opened the day at $5.52 as compared to the previous trading day's close of $5.55.

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Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments. Advanced Semiconductor Engineering has a market cap of $8.8 billion and is part of the technology sector. Shares are down 9.5% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Advanced Semiconductor Engineering

as a

buy

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Advanced Semiconductor Engineering Ratings Report

now.

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2. As of noon trading,

Linear Technology

(

LLTC

) is up $0.33 (0.7%) to $44.78 on light volume. Thus far, 891,248 shares of Linear Technology exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $44.03-$44.84 after having opened the day at $44.30 as compared to the previous trading day's close of $44.45.

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Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets a line of analog integrated circuits worldwide. Linear Technology has a market cap of $10.6 billion and is part of the technology sector. Shares are down 2.5% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Linear Technology a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Linear Technology

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, good cash flow from operations, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Linear Technology Ratings Report

now.

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1. As of noon trading,

Micron Technology

(

MU

) is up $0.19 (1.2%) to $15.69 on light volume. Thus far, 4.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 30.2 million shares. The stock has ranged in price between $15.28-$15.75 after having opened the day at $15.28 as compared to the previous trading day's close of $15.50.

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Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. Micron Technology has a market cap of $16.9 billion and is part of the technology sector. Shares are down 55.7% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate Micron Technology a buy, 1 analyst rates it a sell, and 9 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, 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 weak operating cash flow. Get the full

Micron Technology Ratings Report

now.

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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

).

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