Today's Top Performers In Technology

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 64 points (0.4%) at 14,866 as of Thursday, April 11, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,100 declining with 140 unchanged.

The Technology sector currently sits down 0.09 versus the S&P 500, which is up 0.4%. Top gainers within the sector include Telecom Italia SpA ( TI), up 5.6%, NTT DoCoMo ( DCM), up 3.4%, BT Group ( BT), up 1.5%, AT&T ( T), up 1.1% and Verizon Communications ( VZ), up 1.2%. On the negative front, top decliners within the sector include Microsoft Corporation ( MSFT), down 5.05, China Telecom ( CHA), down 1.75, China Unicom (Hong Kong ( CHU), down 1.76, Qualcomm ( QCOM), down 0.54 and America Movil S.A.B. de C.V ( AMX), down 0.64.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Infosys ( INFY) is one of the companies pushing the Technology sector higher today. As of noon trading, Infosys is up $1.50 (2.83) to $54.50 on average volume Thus far, 1.2 million shares of Infosys exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $53.17-$54.50 after having opened the day at $53.56 as compared to the previous trading day's close of $53.00.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $29.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 25.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Infosys 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, reasonable valuation levels, 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 Infosys Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.12 (0.70) to $17.31 on average volume Thus far, 4.5 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $17.21-$17.52 after having opened the day at $17.34 as compared to the previous trading day's close of $17.19.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $87.9 billion and is part of the electronics industry. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Cisco Systems ( CSCO) is up $0.11 (0.51) to $21.58 on light volume Thus far, 12.8 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 35.6 million shares. The stock has ranged in price between $21.27-$21.60 after having opened the day at $21.33 as compared to the previous trading day's close of $21.47.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $111.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 12.1, below the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Cisco Systems 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 technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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