3 Stocks Pushing The Electronics Industry Lower

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

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading up 1 points (0.0%) at 18,534 as of Tuesday, July 19, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,061 issues advancing vs. 1,832 declining with 165 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include

Marvell Technology Group

(

MRVL

), down 3.2%, and

Amphenol

(

APH

), down 1.1%. A company within the industry that increased today was

AU Optronics

(

AUO

), up 4.7%.

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

3.

Texas Instruments

(

TXN

) is one of the companies pushing the Electronics industry lower today. As of noon trading, Texas Instruments is down $0.33 (-0.5%) to $64.86 on light volume. Thus far, 1.5 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $64.80-$65.26 after having opened the day at $64.90 as compared to the previous trading day's close of $65.19.

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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. Texas Instruments has a market cap of $65.1 billion and is part of the technology sector. Shares are up 18.9% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Texas Instruments a buy, 2 analysts rate it a sell, and 14 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 solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Texas Instruments Ratings Report

now.

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2. As of noon trading,

Micron Technology

(

MU

) is down $0.19 (-1.4%) to $13.15 on light volume. Thus far, 10.8 million shares of Micron Technology exchanged hands as compared to its average daily volume of 29.5 million shares. The stock has ranged in price between $13.05-$13.26 after having opened the day at $13.22 as compared to the previous trading day's close of $13.34.

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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 $13.6 billion and is part of the technology sector. Shares are down 5.8% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 6 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 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 disappointing return on equity. Get the full

Micron Technology Ratings Report

now.

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1. As of noon trading,

Broadcom

(

AVGO

) is down $1.64 (-1.0%) to $160.69 on light volume. Thus far, 730,186 shares of Broadcom exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $159.79-$162.00 after having opened the day at $161.39 as compared to the previous trading day's close of $162.33.

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Broadcom Limited designs, develops, and supplies a range of analog and digital semiconductor connectivity solutions. Broadcom has a market cap of $63.7 billion and is part of the technology sector. Shares are up 11.8% year-to-date as of the close of trading on Monday. Currently there are 27 analysts that rate Broadcom a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Broadcom

as a

hold

. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full

Broadcom 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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