4 Stocks Pushing The Electronics Industry Higher

Correction: The original version of this article misstated the P/E ratio for ASML Holding N.V.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the industry include KLA-Tencor Corporation ( KLAC), up 1.4%, Texas Instruments ( TXN), up 1.2% and Agilent Technologies ( A), up 0.8%. On the negative front, top decliners within the industry include Skyworks Solutions ( SWKS), down 8.1%, Broadcom Corporation ( BRCM), down 4.3%, AU Optronics Corporation ( AUO), down 3.0%, Corning ( GLW), down 1.6% and Taiwan Semiconductor Manufacturing ( TSM), down 0.8%.

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

4. STMicroelectronics ( STM) is one of the companies pushing the Electronics industry higher today. As of noon trading, STMicroelectronics is up $0.12 (1.7%) to $6.90 on average volume Thus far, 611,863 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $6.84-$6.91 after having opened the day at $6.88 as compared to the previous trading day's close of $6.79.

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 $6.0 billion and is part of the technology sector. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are up 14.5% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate STMicroelectronics a buy, no analysts rate it a sell, and 4 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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3. As of noon trading, Maxim Integrated Products ( MXIM) is up $0.33 (1.1%) to $29.70 on average volume Thus far, 1.4 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $29.05-$29.75 after having opened the day at $29.12 as compared to the previous trading day's close of $29.37.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.8 billion and is part of the technology sector. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are up 15.6% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products 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, good cash flow from operations, expanding profit margins, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Maxim Integrated Products Ratings Report now.

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2. As of noon trading, Micron Technology ( MU) is up $0.15 (2.2%) to $6.81 on average volume Thus far, 11.0 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.2 million shares. The stock has ranged in price between $6.69-$6.89 after having opened the day at $6.74 as compared to the previous trading day's close of $6.66.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $6.8 billion and is part of the technology sector. Shares are up 6.7% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate Micron Technology a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Micron Technology Ratings Report now.

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1. As of noon trading, ASML ( ASML) is up $0.51 (0.8%) to $63.21 on average volume Thus far, 1.6 million shares of ASML exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $62.42-$63.25 after having opened the day at $62.42 as compared to the previous trading day's close of $62.70.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $30.7 billion and is part of the technology sector. The company has a P/E ratio of 13.78, below the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate ASML a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML 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, reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ASML 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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