4 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

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%. On the negative front, top decliners within the industry include Siliconware Precision Industries ( SPIL), down 2.0%, and ASML ( ASML), down 1.1%. 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%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. STMicroelectronics ( STM) is one of the companies pushing the Electronics industry lower today. As of noon trading, STMicroelectronics is down $0.10 (-1.2%) to $7.92 on light volume Thus far, 471,931 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $7.91-$7.98 after having opened the day at $7.93 as compared to the previous trading day's close of $8.02.

STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. STMicroelectronics has a market cap of $7.2 billion and is part of the technology sector. Shares are up 10.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate STMicroelectronics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full STMicroelectronics Ratings Report now.

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3. As of noon trading, SunPower Corporation ( SPWR) is down $0.56 (-4.6%) to $11.67 on average volume Thus far, 1.5 million shares of SunPower Corporation exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $11.61-$12.30 after having opened the day at $12.13 as compared to the previous trading day's close of $12.23.

SunPower Corporation, an integrated solar products and services company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. SunPower Corporation has a market cap of $1.4 billion and is part of the technology sector. Shares are up 113.7% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate SunPower Corporation a buy, 4 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates SunPower Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins. Get the full SunPower Corporation Ratings Report now.

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2. As of noon trading, Analog Devices ( ADI) is down $0.28 (-0.6%) to $45.84 on light volume Thus far, 731,414 shares of Analog Devices exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $45.74-$46.26 after having opened the day at $46.25 as compared to the previous trading day's close of $46.12.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $14.0 billion and is part of the technology sector. The company has a P/E ratio of 21.9, 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 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Analog Devices 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, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Analog Devices Ratings Report now.

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1. As of noon trading, Applied Materials ( AMAT) is down $0.08 (-0.6%) to $13.59 on average volume Thus far, 7.0 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.4 million shares. The stock has ranged in price between $13.55-$13.78 after having opened the day at $13.65 as compared to the previous trading day's close of $13.67.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $16.5 billion and is part of the technology sector. The company has a P/E ratio of 458.0, above the S&P 500 P/E ratio of 17.7. Shares are up 20.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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 Applied Materials 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 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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