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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.0%. Top gainers within the industry include United Microelectronics ( UMC), up 4.2%, Taiwan Semiconductor Manufacturing ( TSM), up 1.4%, LG.Display Company ( LPL), up 1.2%, ASML ( ASML), up 0.6% and Kyocera Corporation ( KYO), up 0.6%. On the negative front, top decliners within the industry include Broadcom Corporation ( BRCM), down 1.2%, and Intel ( INTC), down 0.8%.

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

3. STMicroelectronics ( STM) is one of the companies pushing the Electronics industry higher today. As of noon trading, STMicroelectronics is up $0.22 (3.5%) to $6.50 on average volume Thus far, 635,424 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $6.39-$6.50 after having opened the day at $6.40 as compared to the previous trading day's close of $6.28.

STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. STMicroelectronics has a market cap of $5.6 billion and is part of the technology sector. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate STMicroelectronics a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full STMicroelectronics Ratings Report now.

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2. As of noon trading, Agilent Technologies ( A) is up $0.40 (1.1%) to $38.53 on light volume Thus far, 1.2 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $38.09-$38.57 after having opened the day at $38.13 as compared to the previous trading day's close of $38.13.

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 $13.2 billion and is part of the technology sector. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Tuesday. Currently there are 12 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, attractive valuation levels, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Agilent Technologies Ratings Report now.

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1. As of noon trading, Corning ( GLW) is up $0.09 (0.8%) to $12.31 on light volume Thus far, 3.8 million shares of Corning exchanged hands as compared to its average daily volume of 14.9 million shares. The stock has ranged in price between $12.19-$12.33 after having opened the day at $12.19 as compared to the previous trading day's close of $12.22.

Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $18.0 billion and is part of the technology sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are down 6.4% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Corning a buy, 3 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Corning 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Corning Ratings Report now.

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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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