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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2. As of noon trading, Garmin ( GRMN) is down $0.54 (-1.5%) to $34.71 on light volume Thus far, 397,740 shares of Garmin exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $34.63-$35.68 after having opened the day at $35.42 as compared to the previous trading day's close of $35.25.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. Garmin has a market cap of $7.0 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 12.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Garmin Ratings Report now.

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1. As of noon trading, Texas Instruments ( TXN) is down $0.33 (-0.9%) to $35.29 on average volume Thus far, 5.6 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $35.05-$35.38 after having opened the day at $35.20 as compared to the previous trading day's close of $35.62.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $39.3 billion and is part of the technology sector. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are up 15.3% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Texas Instruments a buy, 5 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Texas Instruments 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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