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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.2%) at 14,421 as of Monday, March 11, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,375 issues advancing vs. 1,531 declining with 142 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include AU Optronics Corporation ( AUO), up 5.2%, RF Micro Devices ( RFMD), up 3.7%, LG.Display Company ( LPL), up 1.1% and Maxim Integrated Products ( MXIM), up 0.6%. On the negative front, top decliners within the industry include Advantest ( ATE), down 2.8%, United Microelectronics ( UMC), down 1.6%, STMicroelectronics ( STM), down 0.9%, Agilent Technologies ( A), down 0.7% and Applied Materials ( AMAT), down 0.4%.

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

5. IPG Photonics Corporation ( IPGP) is one of the companies pushing the Electronics industry higher today. As of noon trading, IPG Photonics Corporation is up $1.38 (2.3%) to $61.94 on light volume Thus far, 155,812 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 594,600 shares. The stock has ranged in price between $60.33-$62.12 after having opened the day at $60.57 as compared to the previous trading day's close of $60.57.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. IPG Photonics Corporation has a market cap of $3.1 billion and is part of the technology sector. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are down 9.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates IPG Photonics Corporation 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, increase in net income, 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 IPG Photonics Corporation Ratings Report now.

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