5 Stocks Pushing The Technology Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is down 0.1%. A company within the sector that increased today was Kyocera Corporation ( KYO), up 2.4%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 3.1%, Thomson Reuters Corporation ( TRI), down 1.9%, Telefonica ( TEF), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.4% and China Unicom (Hong Kong ( CHU), down 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Texas Instruments ( TXN) is one of the companies pushing the Technology sector higher today. As of noon trading, Texas Instruments is up $0.42 (1.5%) to $28.95 on light volume Thus far, 4.5 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $28.46-$29.14 after having opened the day at $28.66 as compared to the previous trading day's close of $28.53.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. Texas Instruments has a market cap of $33.2 billion and is part of the electronics industry. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.0% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Texas Instruments a buy, 4 analysts rate it a sell, and 20 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 increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Texas Instruments Ratings Report now.

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