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.

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