4 Stocks Pushing The Electronics Industry Lower

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%. On the negative front, top decliners within the industry include Broadcom Corporation ( BRCM), down 1.2%, and Intel ( INTC), down 0.8%. Top gainers within the industry include United Microelectronics ( UMC), up 3.7%, Taiwan Semiconductor Manufacturing ( TSM), up 1.4%, LG.Display Company ( LPL), up 1.2%, ASML ( ASML), up 0.5% and Kyocera Corporation ( KYO), up 0.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. TE Connectivity ( TEL) is one of the companies pushing the Electronics industry lower today. As of noon trading, TE Connectivity is down $0.26 (-0.7%) to $35.32 on light volume Thus far, 365,511 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $35.17-$35.71 after having opened the day at $35.57 as compared to the previous trading day's close of $35.58.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $14.8 billion and is part of the technology sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are up 13.9% year to date as of the close of trading on Tuesday. 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, increase in stock price during the past year, expanding profit margins, good cash flow from operations 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 TE Connectivity Ratings Report now.

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3. As of noon trading, KLA-Tencor Corporation ( KLAC) is down $0.60 (-1.3%) to $46.59 on light volume Thus far, 740,906 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $46.35-$47.33 after having opened the day at $47.19 as compared to the previous trading day's close of $47.19.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation has a market cap of $7.6 billion and is part of the technology sector. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are down 2.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate KLA-Tencor Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates KLA-Tencor Corporation 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, attractive valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full KLA-Tencor Corporation Ratings Report now.

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2. As of noon trading, Altera ( ALTR) is down $1.21 (-3.8%) to $30.97 on heavy volume Thus far, 4.5 million shares of Altera exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $30.89-$31.83 after having opened the day at $31.49 as compared to the previous trading day's close of $32.18.

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 $10.3 billion and is part of the technology sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are down 13.1% 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.

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1. As of noon trading, NVIDIA Corporation ( NVDA) is down $0.27 (-2.2%) to $11.82 on average volume Thus far, 6.5 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $11.79-$12.08 after having opened the day at $12.00 as compared to the previous trading day's close of $12.10.

NVIDIA Corporation provides graphics chips for use in smartphones, personal computers (PC), tablets, and professional workstations markets worldwide. It operates in three segments: Graphic Processing Unit (GPU), Professional Solutions Business (PSB), and Consumer Products Business (CPB). NVIDIA Corporation has a market cap of $7.3 billion and is part of the technology sector. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 15.2% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate NVIDIA Corporation a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full NVIDIA Corporation 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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