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

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%. 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%. 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%.

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

3. MEMC Electronic Materials ( WFR) is one of the companies pushing the Electronics industry lower today. As of noon trading, MEMC Electronic Materials is down $0.54 (-9.9%) to $4.89 on heavy volume Thus far, 9.2 million shares of MEMC Electronic Materials exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $4.68-$5.24 after having opened the day at $5.12 as compared to the previous trading day's close of $5.43.

MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company operates in two segments, Semiconductor Materials and Solar Energy. MEMC Electronic Materials has a market cap of $1.2 billion and is part of the technology sector. Shares are up 69.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate MEMC Electronic Materials a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates MEMC Electronic Materials as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. Get the full MEMC Electronic Materials Ratings Report now.

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