3 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

Two out of the three major indices are trading up 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%. On the negative front, top decliners within the industry include Cubic Corporation ( CUB), down 7.6%, and Advantest ( ATE), down 1.8%. 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%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Garmin ( GRMN) is one of the companies pushing the Electronics industry lower today. As of noon trading, Garmin is down $0.16 (-0.4%) to $37.72 on average volume Thus far, 673,290 shares of Garmin exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $37.18-$37.83 after having opened the day at $37.69 as compared to the previous trading day's close of $37.87.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. Garmin has a market cap of $7.9 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 6.6% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin 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, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Garmin Ratings Report now.

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2. As of noon trading, Mellanox Technologies ( MLNX) is down $1.27 (-2.4%) to $52.05 on average volume Thus far, 598,964 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $51.80-$53.20 after having opened the day at $52.86 as compared to the previous trading day's close of $53.32.

Mellanox technologies, Ltd., a fabless semiconductor company, produces and supplies interconnect products for computing, storage, and communication applications in the computing, Web 2.0, storage, financial services, database, and cloud markets. Mellanox Technologies has a market cap of $2.2 billion and is part of the technology sector. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 10.8% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Mellanox Technologies a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Mellanox Technologies 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, notable return on equity, solid stock price performance and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Mellanox Technologies Ratings Report now.

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1. As of noon trading, Avago Technologies ( AVGO) is down $0.29 (-0.8%) to $35.11 on average volume Thus far, 1.3 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $34.78-$35.26 after having opened the day at $35.20 as compared to the previous trading day's close of $35.40.

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 $8.7 billion and is part of the technology sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. 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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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.

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