5 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 35 points (0.3%) at 14,006 as of Tuesday, Feb. 12, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,786 issues advancing vs. 1,060 declining with 154 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Cognex Corporation ( CGNX), up 3.7%, Trimble Navigation ( TRMB), up 2.4%, STMicroelectronics ( STM), up 1.4%, Roper Industries ( ROP), up 0.8% and LG.Display Company ( LPL), up 0.5%. On the negative front, top decliners within the industry include Cubic Corporation ( CUB), down 7.6%, and Advantest ( ATE), down 1.8%.

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

5. Altera ( ALTR) is one of the companies pushing the Electronics industry higher today. As of noon trading, Altera is up $0.18 (0.5%) to $35.40 on light volume Thus far, 733,170 shares of Altera exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $35.02-$35.50 after having opened the day at $35.20 as compared to the previous trading day's close of $35.22.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Altera has a market cap of $11.3 billion and is part of the technology sector. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Altera a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Altera 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, expanding profit margins 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 Altera Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

4. As of noon trading, First Solar ( FSLR) is up $0.97 (3.0%) to $33.33 on heavy volume Thus far, 3.2 million shares of First Solar exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $32.10-$33.63 after having opened the day at $32.38 as compared to the previous trading day's close of $32.36.

First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. First Solar has a market cap of $2.6 billion and is part of the technology sector. Shares are down 1.5% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate First Solar a buy, 4 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates First Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full First Solar Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

3. As of noon trading, ASML ( ASML) is up $0.30 (0.4%) to $75.20 on light volume Thus far, 293,365 shares of ASML exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $74.86-$75.45 after having opened the day at $74.86 as compared to the previous trading day's close of $74.91.

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 $37.8 billion and is part of the technology sector. Shares are up 16.1% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate ASML a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates ASML 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, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, Corning ( GLW) is up $0.10 (0.8%) to $12.54 on light volume Thus far, 4.3 million shares of Corning exchanged hands as compared to its average daily volume of 15.7 million shares. The stock has ranged in price between $12.45-$12.58 after having opened the day at $12.46 as compared to the previous trading day's close of $12.44.

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 $18.1 billion and is part of the technology sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Corning a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Corning Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Micron Technology ( MU) is up $0.06 (0.7%) to $7.96 on average volume Thus far, 9.8 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.3 million shares. The stock has ranged in price between $7.85-$7.98 after having opened the day at $7.91 as compared to the previous trading day's close of $7.91.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $7.9 billion and is part of the technology sector. Shares are up 22.2% year to date as of the close of trading on Monday. Currently there are 20 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 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 Micron Technology Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you are interested in one of these 5 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.

null

More from Markets

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That