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

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%. 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%. 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%.

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

4. LG.Display Company ( LPL) is one of the companies pushing the Electronics industry lower today. As of noon trading, LG.Display Company is down $0.81 (-5.3%) to $14.52 on heavy volume Thus far, 1.5 million shares of LG.Display Company exchanged hands as compared to its average daily volume of 686,300 shares. The stock has ranged in price between $14.49-$14.77 after having opened the day at $14.73 as compared to the previous trading day's close of $15.33.

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG.Display Company has a market cap of $11.1 billion and is part of the technology sector. Shares are up 47.4% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates LG.Display Company a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates LG.Display Company as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full LG.Display Company Ratings Report now.

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3. As of noon trading, Jabil Circuit ( JBL) is down $1.14 (-6.2%) to $17.38 on heavy volume Thus far, 4.1 million shares of Jabil Circuit exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $17.09-$18.43 after having opened the day at $18.33 as compared to the previous trading day's close of $18.53.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. Jabil Circuit has a market cap of $3.8 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 5.1% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Jabil Circuit a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Jabil Circuit Ratings Report now.

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2. As of noon trading, Avago Technologies ( AVGO) is down $1.50 (-4.5%) to $32.20 on heavy volume Thus far, 3.8 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $32.09-$33.27 after having opened the day at $33.16 as compared to the previous trading day's close of $33.70.

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 16.8% 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Avago Technologies Ratings Report now.

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1. As of noon trading, Cirrus Logic ( CRUS) is down $1.67 (-6.1%) to $25.74 on heavy volume Thus far, 3.8 million shares of Cirrus Logic exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $25.38-$26.61 after having opened the day at $26.55 as compared to the previous trading day's close of $27.41.

Cirrus Logic, Inc., a fabless semiconductor company, develops signal processing integrated circuits (ICs) for audio and energy markets. Cirrus Logic has a market cap of $1.9 billion and is part of the technology sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 72.9% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Cirrus Logic a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cirrus Logic as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cirrus Logic 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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