3 Stocks Moving The Electronics Industry Upward
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 69 points (-0.4%) at 18,094 as of Thursday, May 28, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 843 issues advancing vs. 2,162 declining with 143 unchanged.
The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.4%. Top gainers within the industry include
(
), up 8.0%, and
(
), up 1.0%. On the negative front, top decliners within the industry include
(
), down 14.5%,
(
), down 4.6%,
Semiconductor Manufacturing International C
(
), down 3.6%,
(
), down 1.6% and
(
), down 0.9%.
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, Marvell Technology Group is up $0.34 (2.5%) to $14.24 on heavy volume. Thus far, 7.5 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $13.97-$14.30 after having opened the day at $14.20 as compared to the previous trading day's close of $13.90.
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Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Marvell Technology Group has a market cap of $7.0 billion and is part of the technology sector. Shares are down 4.1% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Marvell Technology Group
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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
Marvell Technology Group Ratings Report
now.
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2. As of noon trading,
(
) is up $0.84 (0.8%) to $113.37 on light volume. Thus far, 345,155 shares of ASML exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $112.50-$114.14 after having opened the day at $113.69 as compared to the previous trading day's close of $112.53.
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ASML Holding N.V. engages in the development, production, marketing, sale, and servicing of advanced semiconductor equipment systems with a focus on lithography related systems worldwide. ASML has a market cap of $47.2 billion and is part of the technology sector. Shares are up 4.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
ASML
as a
. 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, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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1. As of noon trading,
(
) is up $0.25 (0.9%) to $28.38 on average volume. Thus far, 11.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 22.5 million shares. The stock has ranged in price between $28.11-$28.62 after having opened the day at $28.19 as compared to the previous trading day's close of $28.13.
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Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. Micron Technology has a market cap of $29.5 billion and is part of the technology sector. Shares are down 19.6% year-to-date as of the close of trading on Wednesday. Currently there are 17 analysts who rate Micron Technology a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Micron Technology
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Micron Technology 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
(
).
