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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Advantest ( ATE), up 5.0%, Kyocera Corporation ( KYO), up 2.7%, Cree ( CREE), up 1.9%, Agilent Technologies ( A), up 1.6% and Altera ( ALTR), up 1.6%. A company within the industry that fell today was STMicroelectronics ( STM), up 2.9%.

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

5. Marvell Technology Group ( MRVL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Marvell Technology Group is up $0.32 (3.2%) to $10.33 on average volume Thus far, 3.8 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $9.95-$10.36 after having opened the day at $9.99 as compared to the previous trading day's close of $10.01.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. Marvell Technology Group has a market cap of $5.1 billion and is part of the technology sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 39.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Marvell Technology Group a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Marvell Technology Group 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Marvell Technology Group Ratings Report now.

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4. As of noon trading, Lam Research Corporation ( LRCX) is up $0.47 (1.2%) to $40.94 on light volume Thus far, 729,702 shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $40.27-$40.95 after having opened the day at $40.44 as compared to the previous trading day's close of $40.47.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. Lam Research Corporation has a market cap of $6.6 billion and is part of the technology sector. The company has a P/E ratio of 75.4, above the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Lam Research Corporation a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Lam Research Corporation 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Lam Research Corporation Ratings Report now.

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3. As of noon trading, Xilinx ( XLNX) is up $0.34 (0.9%) to $36.55 on average volume Thus far, 1.6 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $36.14-$36.70 after having opened the day at $36.20 as compared to the previous trading day's close of $36.21.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $9.8 billion and is part of the technology sector. The company has a P/E ratio of 21.2, 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 Wednesday. Currently there are 9 analysts that rate Xilinx a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its 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 somewhat weak growth in earnings per share. Get the full Xilinx Ratings Report now.

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2. As of noon trading, Corning ( GLW) is up $0.07 (0.5%) to $13.41 on light volume Thus far, 4.3 million shares of Corning exchanged hands as compared to its average daily volume of 15.0 million shares. The stock has ranged in price between $13.32-$13.49 after having opened the day at $13.34 as compared to the previous trading day's close of $13.34.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $19.6 billion and is part of the technology sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 5.7% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Corning a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Corning 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning Ratings Report now.

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1. As of noon trading, Texas Instruments ( TXN) is up $0.30 (0.9%) to $34.45 on average volume Thus far, 4.7 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $34.08-$34.53 after having opened the day at $34.26 as compared to the previous trading day's close of $34.15.

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 $38.5 billion and is part of the technology sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Texas Instruments a buy, 5 analysts rate it a sell, and 17 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 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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