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.

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