3 Stocks Pushing The Electronics Industry Higher

TheStreet Ratings group would like to highlight 3 stocks pushing the electronics industry higher today, Nov. 13, 2012.

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 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is up 0.5%. Top gainers within the industry include Micron Technology ( MU), up 1.9%, NVIDIA Corporation ( NVDA), up 0.3% and SanDisk ( SNDK), up 0.8%. On the negative front, top decliners within the industry include AU Optronics Corporation ( AUO), down 4.8%, Advanced Semiconductor Engineering ( ASX), down 4.3%, Siliconware Precision Industries ( SPIL), down 4.0% and KLA-Tencor Corporation ( KLAC), down 1.2%.

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

3. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Trimble Navigation is up $0.59 (1.1%) to $53.13 on light volume Thus far, 125,827 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 689,200 shares. The stock has ranged in price between $51.77-$53.26 after having opened the day at $52.22 as compared to the previous trading day's close of $52.54.

Trimble Navigation Limited provides positioning, wireless, and software technology solutions. Trimble Navigation has a market cap of $6.7 billion and is part of the technology sector. The company has a P/E ratio of 36.0, above the S&P 500 P/E ratio of 17.7. Shares are up 21.9% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these 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 Trimble Navigation Ratings Report now.

2. As of noon trading, TE Connectivity ( TEL) is up $0.40 (1.2%) to $34.45 on light volume Thus far, 587,643 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $33.68-$34.45 after having opened the day at $33.74 as compared to the previous trading day's close of $34.05.

TE Connectivity Ltd. engages in the design and manufacture of products that connect and protect the flow of power and data inside various products used by consumers and industries. TE Connectivity has a market cap of $14.6 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 up 10.6% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full TE Connectivity Ratings Report now.

1. As of noon trading, LSI Corporation ( LSI) is up $0.11 (1.6%) to $6.79 on light volume Thus far, 2.4 million shares of LSI Corporation exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $6.60-$6.84 after having opened the day at $6.60 as compared to the previous trading day's close of $6.68.

LSI Corporation designs, develops, and markets storage and networking semiconductors worldwide. LSI Corporation has a market cap of $3.7 billion and is part of the technology sector. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7. Shares are up 12.3% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate LSI Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LSI Corporation 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, notable return on equity, impressive record of earnings per share growth and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full LSI Corporation 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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