5 Stocks Underperforming Today In The Electronics Industry

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%. 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%. 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%.

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

5. Altera ( ALTR) is one of the companies pushing the Electronics industry lower today. As of noon trading, Altera is down $0.39 (-1.1%) to $34.36 on average volume Thus far, 1.5 million shares of Altera exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $34.28-$34.99 after having opened the day at $34.81 as compared to the previous trading day's close of $34.75.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $11.4 billion and is part of the technology sector. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 1.0% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Altera a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Altera 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 somewhat weak growth in earnings per share. Get the full Altera Ratings Report now.

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4. As of noon trading, Cree ( CREE) is down $0.63 (-1.2%) to $52.74 on average volume Thus far, 1.1 million shares of Cree exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $52.37-$54.12 after having opened the day at $53.44 as compared to the previous trading day's close of $53.37.

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 $6.4 billion and is part of the technology sector. The company has a P/E ratio of 114.0, above the S&P 500 P/E ratio of 17.7. Shares are up 57.1% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Cree a buy, 4 analysts rate it a sell, and 6 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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3. As of noon trading, NVIDIA Corporation ( NVDA) is down $0.14 (-1.1%) to $12.27 on average volume Thus far, 4.8 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $12.27-$12.45 after having opened the day at $12.42 as compared to the previous trading day's close of $12.41.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $7.9 billion and is part of the technology sector. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 1.2% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate NVIDIA Corporation a buy, 2 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation 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 NVIDIA Corporation Ratings Report now.

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2. As of noon trading, Applied Materials ( AMAT) is down $0.11 (-0.8%) to $13.25 on light volume Thus far, 3.5 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $13.25-$13.46 after having opened the day at $13.46 as compared to the previous trading day's close of $13.36.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $16.2 billion and is part of the technology sector. The company has a P/E ratio of 449.3, above the S&P 500 P/E ratio of 17.7. Shares are up 16.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Applied Materials Ratings Report now.

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1. As of noon trading, Broadcom Corporation ( BRCM) is down $0.35 (-1.0%) to $33.87 on light volume Thus far, 2.4 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $33.84-$34.45 after having opened the day at $34.44 as compared to the previous trading day's close of $34.22.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $18.0 billion and is part of the technology sector. The company has a P/E ratio of 27.7, above the S&P 500 P/E ratio of 17.7. Shares are up 3.0% year to date as of the close of trading on Monday. Currently there are 30 analysts that rate Broadcom Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Broadcom Corporation 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Broadcom Corporation 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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