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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4. As of noon trading, Waters Corporation ( WAT) is up $1.51 (1.6%) to $95.21 on average volume Thus far, 300,047 shares of Waters Corporation exchanged hands as compared to its average daily volume of 436,500 shares. The stock has ranged in price between $93.93-$95.44 after having opened the day at $94.02 as compared to the previous trading day's close of $93.70.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. Waters Corporation has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Waters Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Waters Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Waters Corporation Ratings Report now.

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3. As of noon trading, Garmin ( GRMN) is up $1.30 (4.0%) to $33.90 on heavy volume Thus far, 1.7 million shares of Garmin exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $33.01-$34.38 after having opened the day at $33.35 as compared to the previous trading day's close of $32.60.

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 $6.5 billion and is part of the technology sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are down 20.0% year to date as of the close of trading on Monday. 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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2. As of noon trading, Amphenol ( APH) is up $0.39 (0.5%) to $73.91 on light volume Thus far, 137,054 shares of Amphenol exchanged hands as compared to its average daily volume of 677,800 shares. The stock has ranged in price between $73.50-$74.18 after having opened the day at $73.61 as compared to the previous trading day's close of $73.52.

Amphenol Corporation provides electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. Amphenol has a market cap of $11.9 billion and is part of the technology sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Amphenol a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Amphenol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Amphenol Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Mellanox Technologies ( MLNX) is up $3.13 (5.8%) to $57.60 on average volume Thus far, 733,487 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $55.67-$58.78 after having opened the day at $55.70 as compared to the previous trading day's close of $54.47.

Mellanox Technologies, Ltd., a fabless semiconductor company, produces and supplies semiconductor interconnect products for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, database, cloud, and embedded markets. Mellanox Technologies has a market cap of $2.4 billion and is part of the technology sector. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are down 8.3% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Mellanox Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Mellanox Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance 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 Mellanox Technologies Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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