3 Stocks Moving The Electronics Industry Upward - TheStreet

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 93 points (0.5%) at 17,674 as of Wednesday, Oct. 28, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,445 issues advancing vs. 542 declining with 141 unchanged.

The Electronics industry currently sits up 1.7% versus the S&P 500, which is up 0.7%. Top gainers within the industry include

Teradyne

(

TER

), up 8.3%,

SunEdison

(

SUNE

), up 8.0%,

IPG Photonics

(

IPGP

), up 5.5%,

Avago Technologies

(

AVGO

), up 4.4% and

ABB

(

ABB

), up 2.7%.

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

3.

Applied Materials

(

AMAT

) is one of the companies pushing the Electronics industry higher today. As of noon trading, Applied Materials is up $0.23 (1.4%) to $16.50 on light volume. Thus far, 5.7 million shares of Applied Materials exchanged hands as compared to its average daily volume of 17.7 million shares. The stock has ranged in price between $16.12-$16.66 after having opened the day at $16.12 as compared to the previous trading day's close of $16.27.

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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 $19.6 billion and is part of the technology sector. Shares are down 34.7% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Applied Materials a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Applied Materials

as a

buy

. 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, growth in earnings per share, increase in net income and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Applied Materials Ratings Report

now.

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2. As of noon trading,

Skyworks Solutions

(

SWKS

) is up $2.16 (2.8%) to $78.47 on average volume. Thus far, 3.0 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $76.45-$79.02 after having opened the day at $77.90 as compared to the previous trading day's close of $76.31.

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Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $14.9 billion and is part of the technology sector. Shares are up 5.0% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Skyworks Solutions

as a

buy

. 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, notable return on equity, expanding profit margins and good cash flow from operations. 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

Skyworks Solutions Ratings Report

now.

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1. As of noon trading,

Micron Technology

(

MU

) is up $0.18 (1.1%) to $16.86 on light volume. Thus far, 6.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 31.2 million shares. The stock has ranged in price between $16.74-$17.11 after having opened the day at $16.80 as compared to the previous trading day's close of $16.68.

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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 $18.0 billion and is part of the technology sector. Shares are down 52.4% year-to-date as of the close of trading on Tuesday. Currently there are 17 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 attractive valuation levels, expanding profit margins and notable return on equity. 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

).