3 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.3%) at 13,960 as of Monday, Feb. 25, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,475 issues advancing vs. 1,392 declining with 148 unchanged.

The Electronics industry currently sits down 0.6% versus the S&P 500, which is down 0.1%. Top gainers within the industry include CGG ( CGG), up 2.0%, Marvell Technology Group ( MRVL), up 1.3%, Agilent Technologies ( A), up 0.6%, LG.Display Company ( LPL), up 0.7% and Intel ( INTC), up 0.5%. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering ( ASX), down 1.4%, and Taiwan Semiconductor Manufacturing ( TSM), down 1.1%.

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

3. NXP Semiconductor ( NXPI) is one of the companies pushing the Electronics industry higher today. As of noon trading, NXP Semiconductor is up $0.19 (0.6%) to $31.74 on average volume Thus far, 1.0 million shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $31.49-$32.03 after having opened the day at $31.81 as compared to the previous trading day's close of $31.55.

NXP Semiconductors N.V., through its subsidiary, NXP B.V., provides mixed signal solutions and standard products worldwide. NXP Semiconductor has a market cap of $7.8 billion and is part of the technology sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 17.9% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity. Get the full NXP Semiconductor Ratings Report now.

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2. As of noon trading, Altera ( ALTR) is up $0.20 (0.6%) to $35.55 on light volume Thus far, 1.2 million shares of Altera exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $35.48-$35.85 after having opened the day at $35.62 as compared to the previous trading day's close of $35.35.

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 $11.1 billion and is part of the technology sector. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are up 1.3% year to date as of the close of trading on Friday. 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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1. As of noon trading, Micron Technology ( MU) is up $0.14 (1.7%) to $8.16 on average volume Thus far, 10.8 million shares of Micron Technology exchanged hands as compared to its average daily volume of 26.1 million shares. The stock has ranged in price between $8.10-$8.22 after having opened the day at $8.12 as compared to the previous trading day's close of $8.02.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $7.8 billion and is part of the technology sector. Shares are up 21.1% year to date as of the close of trading on Friday. Currently there are 19 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.

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If you are interested in one of these 3 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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