5 Stocks Pushing The Electronics Industry Higher

TheStreet Ratings group would like to highlight 5 stocks pushing the electronics industry higher today, Nov. 14, 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include STMicroelectronics ( STM), up 2.6%, and Broadcom Corporation ( BRCM), up 2.5%. On the negative front, top decliners within the industry include Amphenol ( APH), down 1.2%, and Taiwan Semiconductor Manufacturing ( TSM), down 1.1%.

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

5. Cavium ( CAVM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Cavium is up $1.86 (6.0%) to $32.59 on heavy volume Thus far, 686,807 shares of Cavium exchanged hands as compared to its average daily volume of 841,100 shares. The stock has ranged in price between $32.00-$33.27 after having opened the day at $32.16 as compared to the previous trading day's close of $30.73.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. Its semiconductor products enable customers to develop networking, wireless, storage, and electronic equipment. Cavium has a market cap of $1.6 billion and is part of the technology sector. The company has a P/E ratio of -36.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Cavium a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cavium 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 and expanding profit margins. 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 Cavium Ratings Report now.

4. As of noon trading, Jabil Circuit ( JBL) is up $0.40 (2.3%) to $17.36 on light volume Thus far, 1.2 million shares of Jabil Circuit exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $17.03-$17.55 after having opened the day at $17.10 as compared to the previous trading day's close of $16.97.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. Jabil Circuit has a market cap of $3.6 billion and is part of the technology sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are down 11.5% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Jabil Circuit a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations 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 Jabil Circuit Ratings Report now.

3. As of noon trading, Xilinx ( XLNX) is up $0.94 (2.8%) to $34.12 on heavy volume Thus far, 2.0 million shares of Xilinx exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $33.61-$34.29 after having opened the day at $33.77 as compared to the previous trading day's close of $33.18.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $8.7 billion and is part of the technology sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Xilinx a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Xilinx Ratings Report now.

2. As of noon trading, Altera ( ALTR) is up $0.40 (1.3%) to $31.02 on average volume Thus far, 1.5 million shares of Altera exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $30.72-$31.24 after having opened the day at $31.07 as compared to the previous trading day's close of $30.62.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Altera has a market cap of $9.8 billion and is part of the technology sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are down 17.4% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Altera a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Altera 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, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Altera Ratings Report now.

1. As of noon trading, ASML ( ASML) is up $0.87 (1.6%) to $55.67 on average volume Thus far, 2.2 million shares of ASML exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $55.51-$56.08 after having opened the day at $56.01 as compared to the previous trading day's close of $54.80.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $22.5 billion and is part of the technology sector. The company has a P/E ratio of 74.6, above the S&P 500 P/E ratio of 17.7. Shares are up 31.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate ASML a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins 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 ASML 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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