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 up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 114 points (0.6%) at 17,744 as of Wednesday, July 29, 2015, 2:00 PM ET. The NYSE advances/declines ratio sits at 2,136 issues advancing vs. 880 declining with 147 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the industry include

Silicon Laboratories

(

SLAB

), down 11.4%,

Siliconware Precision Industries

(

SPIL

), down 8.9%,

Advanced Semiconductor Engineering

(

ASX

), down 7.1%,

AU Optronics

(

AUO

), down 6.0% and

FEI

(

FEIC

), down 3.3%. Top gainers within the industry include

SunPower

(

SPWR

), up 12.0%,

M/A-COM Technology Solutions Holdings

(

MTSI

), up 7.3%,

Advanced Micro Devices

(

AMD

), up 7.3%,

First Solar

(

FSLR

), up 5.0% and

LG Display

(

LPL

), up 3.4%.

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

3.

Applied Materials

(

AMAT

) is one of the companies pushing the Electronics industry lower today. As of noon trading, Applied Materials is down $0.23 (-1.3%) to $17.39 on average volume. Thus far, 6.6 million shares of Applied Materials exchanged hands as compared to its average daily volume of 17.4 million shares. The stock has ranged in price between $17.35-$17.60 after having opened the day at $17.56 as compared to the previous trading day's close of $17.62.

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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 $21.4 billion and is part of the technology sector. Shares are down 29.3% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Applied Materials a buy, no analysts rate it a sell, and 6 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, impressive record of earnings per share growth, compelling growth 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,

Ambarella

(

AMBA

) is down $1.25 (-1.1%) to $118.01 on average volume. Thus far, 2.5 million shares of Ambarella exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $115.50-$120.46 after having opened the day at $119.96 as compared to the previous trading day's close of $119.26.

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Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. Ambarella has a market cap of $3.7 billion and is part of the technology sector. Shares are up 135.1% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Ambarella a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Ambarella

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. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full

Ambarella Ratings Report

now.

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1. As of noon trading,

Avago Technologies

(

AVGO

) is down $0.78 (-0.6%) to $127.64 on average volume. Thus far, 1.9 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $125.45-$128.38 after having opened the day at $128.37 as compared to the previous trading day's close of $128.42.

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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $32.4 billion and is part of the technology sector. Shares are up 27.7% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Avago Technologies

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full

Avago Technologies 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

(

IYW

) while those bearish on the electronics industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).