5 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Himax Technologies ( HIMX), up 19.5%, Semtech Corporation ( SMTC), up 7.2%, IPG Photonics Corporation ( IPGP), up 2.8%, Freescale Semiconductor ( FSL), up 2.5% and NXP Semiconductor ( NXPI), up 1.9%. On the negative front, top decliners within the industry include Siliconware Precision Industries ( SPIL), down 2.0%, and ASML ( ASML), down 1.1%.

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

5. Mellanox Technologies ( MLNX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Mellanox Technologies is up $3.40 (6.7%) to $54.27 on average volume Thus far, 755,556 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 $52.50-$54.75 after having opened the day at $53.30 as compared to the previous trading day's close of $50.87.

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 20.1, above the S&P 500 P/E ratio of 17.7. Shares are down 14.0% year to date as of the close of trading on Wednesday. Currently there are 5 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, compelling growth in net income and good cash flow from operations. 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 Mellanox Technologies Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

4. As of noon trading, Maxim Integrated Products ( MXIM) is up $0.30 (0.9%) to $32.10 on light volume Thus far, 761,262 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $31.80-$32.27 after having opened the day at $31.98 as compared to the previous trading day's close of $31.80.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $9.4 billion and is part of the technology sector. The company has a P/E ratio of 28.6, above the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Maxim Integrated Products Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

3. As of noon trading, Xilinx ( XLNX) is up $0.73 (2.0%) to $38.19 on average volume Thus far, 1.7 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $37.50-$38.22 after having opened the day at $37.57 as compared to the previous trading day's close of $37.46.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $9.7 billion and is part of the technology sector. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Xilinx a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Xilinx Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, Altera ( ALTR) is up $0.34 (1.0%) to $35.27 on light volume Thus far, 1.0 million shares of Altera exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $34.95-$35.60 after having opened the day at $35.05 as compared to the previous trading day's close of $34.93.

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 proprietary development software. Altera has a market cap of $11.2 billion and is part of the technology sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Altera a buy, no analysts rate it a sell, and 11 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.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Micron Technology ( MU) is up $0.22 (2.5%) to $8.86 on average volume Thus far, 11.6 million shares of Micron Technology exchanged hands as compared to its average daily volume of 27.3 million shares. The stock has ranged in price between $8.71-$8.88 after having opened the day at $8.77 as compared to the previous trading day's close of $8.65.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $8.9 billion and is part of the technology sector. Shares are up 37.7% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Micron Technology a buy, no analysts rate it a sell, and 6 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.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

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.

null

More from Markets

Stocks Drift, Oil Extends Declines as Investors Question Global Growth Prospects

Stocks Drift, Oil Extends Declines as Investors Question Global Growth Prospects

FCC Rocks Sinclair-Tribune Merger; Arconic Makes Perfect PE Sense -- ICYMI

FCC Rocks Sinclair-Tribune Merger; Arconic Makes Perfect PE Sense -- ICYMI

Bank of America Rips on Earnings Beat, But Analysts See Even More Gains Ahead

Bank of America Rips on Earnings Beat, But Analysts See Even More Gains Ahead

Will Micron Buy Back $10 Billion in Stock? Analyst Says Yes

Will Micron Buy Back $10 Billion in Stock? Analyst Says Yes

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip