3 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 up 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%. 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 0.6%. Top gainers within the industry include AU Optronics Corporation ( AUO), up 5.0%, RF Micro Devices ( RFMD), up 3.7%, LG.Display Company ( LPL), up 1.1% and Maxim Integrated Products ( MXIM), up 0.5%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. NVIDIA Corporation ( NVDA) is one of the companies pushing the Electronics industry lower today. As of noon trading, NVIDIA Corporation is down $0.15 (-1.2%) to $12.67 on light volume Thus far, 3.3 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 11.1 million shares. The stock has ranged in price between $12.59-$12.73 after having opened the day at $12.69 as compared to the previous trading day's close of $12.82.

NVIDIA Corporation provides graphics chips for use in smartphones, personal computers (PC), tablets, and professional workstations markets worldwide. It operates in three segments: Graphic Processing Unit (GPU), Professional Solutions Business (PSB), and Consumer Products Business (CPB). NVIDIA Corporation has a market cap of $8.0 billion and is part of the technology sector. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate NVIDIA Corporation a buy, 1 analyst rates it a sell, and 20 rate it a hold.

TheStreet Ratings rates NVIDIA 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, attractive valuation levels, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NVIDIA Corporation Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is down $0.12 (-0.7%) to $17.78 on light volume Thus far, 3.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $17.73-$17.88 after having opened the day at $17.87 as compared to the previous trading day's close of $17.91.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $93.6 billion and is part of the technology sector. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Corning ( GLW) is down $0.10 (-0.8%) to $12.61 on light volume Thus far, 4.7 million shares of Corning exchanged hands as compared to its average daily volume of 15.0 million shares. The stock has ranged in price between $12.58-$12.77 after having opened the day at $12.71 as compared to the previous trading day's close of $12.71.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $18.6 billion and is part of the technology sector. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Corning a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning 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, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning 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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