4 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was United Microelectronics ( UMC), up 1.5%. On the negative front, top decliners within the industry include Cirrus Logic ( CRUS), down 4.2%, Cree ( CREE), down 2.0%, Linear Technology ( LLTC), down 1.7%, Maxim Integrated Products ( MXIM), down 1.6% and Advanced Semiconductor Engineering ( ASX), down 1.1%.

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

4. AU Optronics Corporation ( AUO) is one of the companies pushing the Electronics industry higher today. As of noon trading, AU Optronics Corporation is up $0.35 (7.9%) to $4.76 on heavy volume Thus far, 1.5 million shares of AU Optronics Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $4.67-$4.79 after having opened the day at $4.68 as compared to the previous trading day's close of $4.41.

AU Optronics Corp., together with its subsidiaries, engages in the design, development, manufacture, assembly, and marketing of flat panel displays, primarily thin film transistor liquid crystal display (TFT-LCD) panels. AU Optronics Corporation has a market cap of $3.8 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates AU Optronics Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates AU Optronics Corporation 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, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full AU Optronics Corporation Ratings Report now.

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3. As of noon trading, RF Micro Devices ( RFMD) is up $0.33 (7.5%) to $4.73 on heavy volume Thus far, 10.9 million shares of RF Micro Devices exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $4.53-$4.89 after having opened the day at $4.53 as compared to the previous trading day's close of $4.40.

RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies primarily in the United States and Asia. RF Micro Devices has a market cap of $1.2 billion and is part of the technology sector. Shares are down 17.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate RF Micro Devices a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates RF Micro Devices 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 weak operating cash flow. Get the full RF Micro Devices Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.14 (0.8%) to $17.20 on light volume Thus far, 3.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $17.19-$17.37 after having opened the day at $17.21 as compared to the previous trading day's close of $17.06.

Taiwan Semiconductor Manufacturing Company Limited engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $89.1 billion and is part of the technology sector. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 33.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance 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 Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Corning ( GLW) is up $0.13 (1.0%) to $12.86 on light volume Thus far, 3.1 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 $12.73-$12.90 after having opened the day at $12.76 as compared to the previous trading day's close of $12.73.

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 $18.6 billion and is part of the technology sector. The company has a P/E ratio of 10.0, below the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Wednesday. Currently there are 12 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 4 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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