5 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.

The Electronics industry currently sits down 0.6% versus the S&P 500, which is down 0.3%. 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%. 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%.

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

5. TE Connectivity ( TEL) is one of the companies pushing the Electronics industry lower today. As of noon trading, TE Connectivity is down $0.40 (-1.0%) to $40.61 on light volume Thus far, 600,999 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $40.55-$41.17 after having opened the day at $41.13 as compared to the previous trading day's close of $41.01.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $17.0 billion and is part of the technology sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance, expanding profit margins, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full TE Connectivity Ratings Report now.

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4. As of noon trading, Cree ( CREE) is down $0.83 (-1.8%) to $43.92 on average volume Thus far, 905,637 shares of Cree exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $43.76-$45.10 after having opened the day at $45.10 as compared to the previous trading day's close of $44.75.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $5.2 billion and is part of the technology sector. The company has a P/E ratio of 92.2, above the S&P 500 P/E ratio of 17.7. Shares are up 30.3% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Cree a buy, 5 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cree as a hold. 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 and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Cree Ratings Report now.

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3. As of noon trading, KLA-Tencor Corporation ( KLAC) is down $0.70 (-1.3%) to $54.08 on average volume Thus far, 902,372 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $53.77-$55.57 after having opened the day at $55.23 as compared to the previous trading day's close of $54.78.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation has a market cap of $8.9 billion and is part of the technology sector. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate KLA-Tencor Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KLA-Tencor Corporation 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, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full KLA-Tencor Corporation Ratings Report now.

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2. As of noon trading, Avago Technologies ( AVGO) is down $0.66 (-1.9%) to $33.44 on light volume Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $33.34-$34.22 after having opened the day at $34.13 as compared to the previous trading day's close of $34.09.

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 $8.3 billion and is part of the technology sector. The company has a P/E ratio of 15.0, below the S&P 500 P/E ratio of 17.7. Shares are up 6.4% year to date as of the close of trading on Friday. 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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1. As of noon trading, ASML ( ASML) is down $0.56 (-0.8%) to $71.09 on light volume Thus far, 443,282 shares of ASML exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $71.06-$72.96 after having opened the day at $72.75 as compared to the previous trading day's close of $71.65.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $28.8 billion and is part of the technology sector. Shares are up 9.7% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate ASML a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates ASML 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, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML 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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