3 Stocks Pushing The Electronics Industry 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 48 points (0.4%) at 12,859 as of Friday, Nov. 9, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,662 issues advancing vs. 1,212 declining with 143 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Applied Materials ( AMAT), up 2.1%, Texas Instruments ( TXN), up 1.7%, SanDisk ( SNDK), up 1.5% and Intel ( INTC), up 1.0%.

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

3. Amphenol ( APH) is one of the companies pushing the Electronics industry higher today. As of noon trading, Amphenol is up $0.90 (1.5%) to $61.25 on light volume Thus far, 233,969 shares of Amphenol exchanged hands as compared to its average daily volume of 745,000 shares. The stock has ranged in price between $60.01-$61.33 after having opened the day at $60.31 as compared to the previous trading day's close of $60.35.

Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. Amphenol has a market cap of $9.8 billion and is part of the technology sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 34.2% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Amphenol a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Amphenol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Amphenol Ratings Report now.

2. As of noon trading, Analog Devices ( ADI) is up $0.53 (1.3%) to $40.53 on average volume Thus far, 815,418 shares of Analog Devices exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $39.96-$40.77 after having opened the day at $40.11 as compared to the previous trading day's close of $40.00.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) used in industrial, automotive, consumer, and communication applications. Analog Devices has a market cap of $12.1 billion and is part of the technology sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Analog Devices 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, increase in stock price during the past year, expanding profit margins, reasonable valuation levels 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 Analog Devices Ratings Report now.

1. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.32 (2.0%) to $16.45 on average volume Thus far, 6.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $16.15-$16.46 after having opened the day at $16.20 as compared to the previous trading day's close of $16.13.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided designing, manufacturing, packaging, testing, and selling integrated circuits and other semiconductor devices; and manufacturing masks. Taiwan Semiconductor Manufacturing has a market cap of $83.8 billion and is part of the technology sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are up 25.3% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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).

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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