3 Stocks Underperforming Today In The Electronics Industry

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

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 37 points (0.2%) at 17,877 as of Wednesday, July 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,655 issues advancing vs. 1,273 declining with 140 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.3%. A company within the industry that fell today was

AU Optronics

(

AUO

), up 3.2%. A company within the industry that increased today was

Agilent Technologies

(

A

), up 1.1%.

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

3.

ASML

(

ASML

) is one of the companies pushing the Electronics industry lower today. As of noon trading, ASML is down $0.91 (-0.9%) to $94.43 on heavy volume. Thus far, 1.0 million shares of ASML exchanged hands as compared to its average daily volume of 747,200 shares. The stock has ranged in price between $92.84-$94.46 after having opened the day at $93.41 as compared to the previous trading day's close of $95.34.

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ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems with a focus on lithography related systems primarily in the Netherlands, the United States, and Asia. ASML has a market cap of $42.1 billion and is part of the technology sector. Shares are up 7.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ASML a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates

ASML

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 and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

ASML Ratings Report

now.

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2. As of noon trading,

Taiwan Semiconductor Manufacturing

(

TSM

) is down $0.16 (-0.6%) to $26.10 on light volume. Thus far, 2.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $25.75-$26.13 after having opened the day at $25.80 as compared to the previous trading day's close of $26.26.

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Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $137.6 billion and is part of the technology sector. Shares are up 15.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Taiwan Semiconductor Manufacturing

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, expanding profit margins, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Taiwan Semiconductor Manufacturing Ratings Report

now.

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1. As of noon trading,

Micron Technology

(

MU

) is down $0.14 (-1.2%) to $11.77 on average volume. Thus far, 21.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 28.4 million shares. The stock has ranged in price between $11.50-$11.85 after having opened the day at $11.76 as compared to the previous trading day's close of $11.91.

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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 $13.0 billion and is part of the technology sector. Shares are down 15.9% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Micron Technology

as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, 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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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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