5 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

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%. 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%. 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%.

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

5. Analogic Corporation ( ALOG) is one of the companies pushing the Electronics industry lower today. As of noon trading, Analogic Corporation is down $4.26 (-5.8%) to $68.50 on heavy volume Thus far, 198,853 shares of Analogic Corporation exchanged hands as compared to its average daily volume of 115,000 shares. The stock has ranged in price between $67.61-$71.00 after having opened the day at $70.00 as compared to the previous trading day's close of $72.76.

Analogic Corporation, a technology company, engages in the design, manufacture, and sale of medical imaging and security systems and subsystems to original equipment manufacturers and end users in the healthcare and airport security markets worldwide. Analogic Corporation has a market cap of $890.7 million and is part of the technology sector. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are up 27.0% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Analogic Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Analogic 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, solid stock price performance, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Analogic Corporation Ratings Report now.

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4. As of noon trading, Atmel Corporation ( ATML) is down $0.10 (-1.9%) to $5.38 on light volume Thus far, 1.2 million shares of Atmel Corporation exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $5.36-$5.54 after having opened the day at $5.48 as compared to the previous trading day's close of $5.48.

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. Atmel Corporation has a market cap of $2.4 billion and is part of the technology sector. The company has a P/E ratio of 29.7, above the S&P 500 P/E ratio of 17.7. Shares are down 34.0% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Atmel Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Atmel Corporation as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Atmel Corporation Ratings Report now.

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3. As of noon trading, NXP Semiconductor ( NXPI) is down $0.64 (-2.7%) to $23.36 on light volume Thus far, 443,949 shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $23.20-$24.00 after having opened the day at $23.80 as compared to the previous trading day's close of $24.00.

NXP Semiconductors N.V., through its subsidiary, NXP B.V., provides mixed signal solutions and standard products worldwide. NXP Semiconductor has a market cap of $6.2 billion and is part of the technology sector. Shares are up 56.1% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and weak operating cash flow. Get the full NXP Semiconductor Ratings Report now.

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2. As of noon trading, Avago Technologies ( AVGO) is down $0.72 (-2.0%) to $34.40 on heavy volume Thus far, 4.5 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $33.95-$34.56 after having opened the day at $34.23 as compared to the previous trading day's close of $35.12.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $8.5 billion and is part of the technology sector. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7. Shares are up 21.7% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Avago Technologies Ratings Report now.

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1. As of noon trading, Skyworks Solutions ( SWKS) is down $0.29 (-1.2%) to $23.08 on light volume Thus far, 1.3 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $23.01-$23.50 after having opened the day at $23.44 as compared to the previous trading day's close of $23.37.

Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. The company provides power amplifiers and front-end solutions for cellular handsets from entry level to multimedia platforms, as well as smart phones. Skyworks Solutions has a market cap of $4.6 billion and is part of the technology sector. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 44.9% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Skyworks Solutions 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Skyworks Solutions 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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