4 Electronics Stocks Driving The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 34 points (-0.2%) at 14,831 as of Friday, April 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 825 issues advancing vs. 2,080 declining with 130 unchanged.

The Electronics industry currently sits down 0.67 versus the S&P 500, which is down 0.51. A company within the industry that increased today was NVIDIA Corporation ( NVDA), up 3.25. On the negative front, top decliners within the industry include Lam Research Corporation ( LRCX), down 2.45, Avago Technologies ( AVGO), down 2.13, STMicroelectronics ( STM), down 2.13, NXP Semiconductor ( NXPI), down 1.72 and Amphenol ( APH), down 1.67.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Mellanox Technologies ( MLNX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Mellanox Technologies is up $2.46 (4.14) to $61.91 on light volume Thus far, 337,239 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $59.00-$62.73 after having opened the day at $59.00 as compared to the previous trading day's close of $59.45.

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 $2.5 billion and is part of the technology sector. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Thursday.

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 liked this article you might like

Cisco's Explanations for Its Soft Guidance Only Go So Far

The Cloud is Still Merciless to Enterprise Hardware Firms, But Security is a Strong Point

Why Telecom Equipment Giants Are Struggling, but Their Suppliers Are Thriving

Apple Supplier InvenSense Could Be The Next Takeover Target in Chips

Analysts' Actions -- Arista Networks, CF Industries, Duke Energy, FireEye and More