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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 97 points (0.7%) at 14,670 as of Tuesday, April 2, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,756 issues advancing vs. 1,114 declining with 151 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Semiconductor Manufacturing International C ( SMI), up 4.8%, AU Optronics Corporation ( AUO), up 1.4%, Advanced Semiconductor Engineering ( ASX), up 1.2% and Taiwan Semiconductor Manufacturing ( TSM), up 0.6%. On the negative front, top decliners within the industry include Microsemi ( MSCC), down 2.7%, Atmel Corporation ( ATML), down 2.0%, Freescale Semiconductor ( FSL), down 1.8%, Trimble Navigation ( TRMB), down 1.6% and NXP Semiconductor ( NXPI), down 1.3%.

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

5. Himax Technologies ( HIMX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Himax Technologies is up $0.49 (9.6%) to $5.58 on heavy volume Thus far, 5.9 million shares of Himax Technologies exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $5.16-$5.75 after having opened the day at $5.22 as compared to the previous trading day's close of $5.09.

Himax Technologies, Inc., together with its subsidiaries, designs, develops, and markets semiconductors for flat panel displays. Himax Technologies has a market cap of $922.7 million and is part of the technology sector. The company has a P/E ratio of 31.9, above the S&P 500 P/E ratio of 17.7. Shares are up 112.1% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Himax Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Himax Technologies 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Himax Technologies Ratings Report now.

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