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 18 points (-0.1%) at 13,964 as of Thursday, Feb. 14, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,524 declining with 153 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include United Microelectronics ( UMC), down 2.1%, Micron Technology ( MU), down 0.8% and Agilent Technologies ( A), down 0.7%. Top gainers within the industry include SunPower Corporation ( SPWR), up 13.7%, First Solar ( FSLR), up 4.4%, Semiconductor Manufacturing International C ( SMI), up 3.5%, Advantest ( ATE), up 3.4% and Altera ( ALTR), up 1.1%.

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

4. Itron ( ITRI) is one of the companies pushing the Electronics industry lower today. As of noon trading, Itron is down $4.17 (-8.7%) to $43.68 on heavy volume Thus far, 650,484 shares of Itron exchanged hands as compared to its average daily volume of 227,800 shares. The stock has ranged in price between $42.02-$44.51 after having opened the day at $42.02 as compared to the previous trading day's close of $47.85.

Itron, Inc. provides metering solutions, meter data management software, and knowledge application solutions to electric, natural gas, and water utilities worldwide. Itron has a market cap of $1.9 billion and is part of the technology sector. The company has a P/E ratio of 49.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.5% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Itron a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Itron as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Itron Ratings Report now.

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