3 Stocks Pushing The Electronics 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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 199 points (-1.1%) at 17,696 as of Friday, March 13, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 614 issues advancing vs. 2,348 declining with 137 unchanged.
The Electronics industry currently sits down 0.8% versus the S&P 500, which is down 0.8%. Top gainers within the industry include
(
), up 1.2%, and
(
), up 1.1%. On the negative front, top decliners within the industry include
Advanced Semiconductor Engineering
(
), down 1.7%,
(
), down 1.6% and
(
), down 1.4%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
Taiwan Semiconductor Manufacturing
(
) is one of the companies pushing the Electronics industry higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.40 (1.7%) to $23.93 on light volume. Thus far, 4.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 12.4 million shares. The stock has ranged in price between $23.65-$23.97 after having opened the day at $23.66 as compared to the previous trading day's close of $23.53.
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Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $121.8 billion and is part of the technology sector. Shares are up 5.1% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Taiwan Semiconductor Manufacturing a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Taiwan Semiconductor Manufacturing
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
Taiwan Semiconductor Manufacturing Ratings Report
now.
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2. As of noon trading,
(
) is up $0.32 (1.4%) to $24.10 on average volume. Thus far, 8.7 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.1 million shares. The stock has ranged in price between $23.93-$24.31 after having opened the day at $23.98 as compared to the previous trading day's close of $23.77.
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Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $28.8 billion and is part of the technology sector. Shares are down 5.9% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Applied Materials a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Applied Materials
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Applied Materials Ratings Report
now.
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1. As of noon trading,
(
) is up $4.74 (4.8%) to $103.32 on heavy volume. Thus far, 4.8 million shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $99.65-$104.37 after having opened the day at $99.80 as compared to the previous trading day's close of $98.58.
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NXP Semiconductors N.V. 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 $24.7 billion and is part of the technology sector. Shares are up 29.0% year-to-date as of the close of trading on Thursday. Currently there are 10 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.
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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