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.

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