5 Stocks Pushing The Technology Sector 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 1 points (-0.0%) at 13,971 as of Friday, Feb. 15, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,429 issues advancing vs. 1,408 declining with 163 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include LogMeIn ( LOGM), down 28.2%, Agilent Technologies ( A), down 3.8%, Research in Motion ( BBRY), down 3.1%, Tim Holding Company ( TSU), down 3.0% and ASML ( ASML), down 2.4%. Top gainers within the sector include Qlik Technologies ( QLIK), up 18.4%, TIBCO Software ( TIBX), up 4.5%, Rogers Communications ( RCI), up 4.2%, Garmin ( GRMN), up 2.0% and Intuit ( INTU), up 1.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. IPG Photonics Corporation ( IPGP) is one of the companies pushing the Technology sector lower today. As of noon trading, IPG Photonics Corporation is down $7.28 (-10.5%) to $62.20 on heavy volume Thus far, 3.1 million shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 437,200 shares. The stock has ranged in price between $59.67-$64.99 after having opened the day at $64.50 as compared to the previous trading day's close of $69.48.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. IPG Photonics Corporation has a market cap of $3.5 billion and is part of the electronics industry. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates IPG Photonics Corporation 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full IPG Photonics Corporation Ratings Report now.

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4. As of noon trading, Frontier Communications Corp Class B ( FTR) is down $0.17 (-4.0%) to $4.07 on heavy volume Thus far, 8.5 million shares of Frontier Communications Corp Class B exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $4.07-$4.21 after having opened the day at $4.20 as compared to the previous trading day's close of $4.24.

Frontier Communications Corporation provides communications services for residential and business customers in the United States. Frontier Communications Corp Class B has a market cap of $4.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 30.0, above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Frontier Communications Corp Class B a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk. Get the full Frontier Communications Corp Class B Ratings Report now.

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3. As of noon trading, 3D Systems Corporation ( DDD) is down $3.44 (-5.5%) to $59.31 on heavy volume Thus far, 3.0 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $58.47-$62.81 after having opened the day at $62.53 as compared to the previous trading day's close of $62.75.

3D Systems Corporation, through its subsidiaries, engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services. 3D Systems Corporation has a market cap of $3.7 billion and is part of the industrial industry. The company has a P/E ratio of 96.5, above the S&P 500 P/E ratio of 17.7. Shares are up 23.0% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate 3D Systems Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full 3D Systems Corporation Ratings Report now.

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2. As of noon trading, Hewlett-Packard ( HPQ) is down $0.21 (-1.2%) to $16.82 on light volume Thus far, 6.6 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 30.5 million shares. The stock has ranged in price between $16.81-$17.13 after having opened the day at $17.11 as compared to the previous trading day's close of $17.03.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $33.2 billion and is part of the computer hardware industry. Shares are up 19.4% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Hewlett-Packard a buy, 7 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full Hewlett-Packard Ratings Report now.

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1. As of noon trading, Research in Motion ( RIMM) is down $0.46 (-3.1%) to $14.61 on heavy volume Thus far, 53.2 million shares of Research in Motion exchanged hands as compared to its average daily volume of 54.8 million shares. The stock has ranged in price between $14.32-$15.49 after having opened the day at $15.30 as compared to the previous trading day's close of $15.07.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.8 billion and is part of the telecommunications industry. Shares are up 9.4% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Research in Motion a buy, 15 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Get the full Research in Motion 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 technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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