5 Stocks Pushing The Electronics Industry Lower

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Cirrus Logic ( CRUS), down 3.9%, Nationstar Mortgage Holdings ( NSM), down 2.4%, Atmel Corporation ( ATML), down 3.1%, STMicroelectronics ( STM), down 1.1% and Garmin ( GRMN), down 1.2%. Top gainers within the industry include Aeroflex ( ARX), up 17.9%, EZChip Semiconductor ( EZCH), up 15.2%, AU Optronics Corporation ( AUO), up 3.9%, Advanced Semiconductor Engineering ( ASX), up 3.0% and United Microelectronics ( UMC), up 1.4%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. KLA-Tencor Corporation ( KLAC) is one of the companies pushing the Electronics industry lower today. As of noon trading, KLA-Tencor Corporation is down $0.96 (-2.0%) to $45.96 on average volume Thus far, 899,141 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $45.96-$46.92 after having opened the day at $46.83 as compared to the previous trading day's close of $46.92.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate KLA-Tencor Corporation a buy, 3 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KLA-Tencor Corporation 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, attractive valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full KLA-Tencor Corporation Ratings Report now.

4. As of noon trading, Agilent Technologies ( A) is down $0.46 (-1.2%) to $37.12 on average volume Thus far, 1.5 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $37.05-$37.65 after having opened the day at $37.60 as compared to the previous trading day's close of $37.58.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries worldwide. Agilent Technologies has a market cap of $13.3 billion and is part of the technology sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 9.6% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Agilent Technologies 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agilent Technologies Ratings Report now.

3. As of noon trading, Applied Materials ( AMAT) is down $0.19 (-1.7%) to $10.76 on average volume Thus far, 6.9 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.1 million shares. The stock has ranged in price between $10.76-$10.98 after having opened the day at $10.92 as compared to the previous trading day's close of $10.95.

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 $14.2 billion and is part of the technology sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Applied Materials Ratings Report now.

2. As of noon trading, Micron Technology ( MU) is down $0.11 (-1.9%) to $5.80 on average volume Thus far, 9.9 million shares of Micron Technology exchanged hands as compared to its average daily volume of 24.9 million shares. The stock has ranged in price between $5.76-$5.93 after having opened the day at $5.87 as compared to the previous trading day's close of $5.91.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $6.2 billion and is part of the technology sector. The company has a P/E ratio of -5.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.2% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Micron Technology a buy, no analysts rate it a sell, and 6 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 good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Micron Technology Ratings Report now.

1. As of noon trading, SanDisk ( SNDK) is down $0.86 (-2.0%) to $42.54 on light volume Thus far, 1.8 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $42.34-$43.65 after having opened the day at $43.56 as compared to the previous trading day's close of $43.40.

Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk has a market cap of $10.8 billion and is part of the technology sector. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates SanDisk as a buy. 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. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full SanDisk Ratings Report now.

If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: 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.
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