3 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 13 points (0.1%) at 14,463 as of Wednesday, March 13, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,568 issues advancing vs. 1,298 declining with 138 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include Micron Technology ( MU), up 3.2%, Taiwan Semiconductor Manufacturing ( TSM), up 1.6%, Broadcom Corporation ( BRCM), up 0.9% and Applied Materials ( AMAT), up 0.9%. On the negative front, top decliners within the industry include ASM International NV ADR ( ASMI), down 10.8%, and Mellanox Technologies ( MLNX), down 7.5%.

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

3. Skyworks Solutions ( SWKS) is one of the companies pushing the Electronics industry higher today. As of noon trading, Skyworks Solutions is up $1.01 (4.7%) to $22.52 on average volume Thus far, 1.9 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $21.52-$22.56 after having opened the day at $21.55 as compared to the previous trading day's close of $21.51.

Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $4.1 billion and is part of the technology sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Skyworks Solutions 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 good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Skyworks Solutions Ratings Report now.

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2. As of noon trading, Cree ( CREE) is up $2.36 (4.5%) to $54.98 on heavy volume Thus far, 2.2 million shares of Cree exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $52.35-$54.98 after having opened the day at $52.53 as compared to the previous trading day's close of $52.62.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $6.1 billion and is part of the technology sector. The company has a P/E ratio of 109.4, above the S&P 500 P/E ratio of 17.7. Shares are up 54.6% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Cree a buy, 4 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cree as a hold. 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 and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Cree Ratings Report now.

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1. As of noon trading, ASML ( ASML) is up $0.87 (1.2%) to $70.33 on average volume Thus far, 754,903 shares of ASML exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $69.31-$70.41 after having opened the day at $69.82 as compared to the previous trading day's close of $69.46.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $28.5 billion and is part of the technology sector. Shares are up 8.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML 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, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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If you are interested in one of these 3 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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