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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 13,114 as of Friday, Dec. 7, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,420 declining with 156 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the industry include AU Optronics Corporation ( AUO), up 3.9%, Broadcom Corporation ( BRCM), up 1.7%, LG.Display Company ( LPL), up 1.7%, ASML ( ASML), up 0.9% and Altera ( ALTR), up 0.4%. On the negative front, top decliners within the industry include Freescale Semiconductor ( FSL), down 2.0%, STMicroelectronics ( STM), down 1.7%, United Microelectronics ( UMC), down 1.5%, Siliconware Precision Industries ( SPIL), down 1.2% and Kyocera Corporation ( KYO), down 1.0%.

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 $0.40 (0.7%) to $57.13 on average volume Thus far, 416,592 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 639,300 shares. The stock has ranged in price between $56.18-$57.22 after having opened the day at $56.57 as compared to the previous trading day's close of $56.73.

Trimble Navigation Limited provides positioning, wireless, and software technology solutions. Trimble Navigation has a market cap of $7.1 billion and is part of the technology sector. The company has a P/E ratio of 38.1, above the S&P 500 P/E ratio of 17.7. Shares are up 29.2% year to date as of the close of trading on Thursday. 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.

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2. As of noon trading, Xilinx ( XLNX) is up $0.28 (0.8%) to $34.75 on light volume Thus far, 726,172 shares of Xilinx exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $34.37-$34.80 after having opened the day at $34.55 as compared to the previous trading day's close of $34.47.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $9.0 billion and is part of the technology sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Xilinx a buy, no analysts rate it a sell, and 12 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, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures 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 Xilinx Ratings Report now.

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1. As of noon trading, Lam Research Corporation ( LRCX) is up $0.23 (0.7%) to $35.33 on light volume Thus far, 765,256 shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $35.11-$35.60 after having opened the day at $35.24 as compared to the previous trading day's close of $35.10.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. Lam Research Corporation has a market cap of $6.0 billion and is part of the technology sector. The company has a P/E ratio of 44.6, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Lam Research Corporation a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Lam Research 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Lam Research 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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