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.

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3. As of noon trading, Marvell Technology Group ( MRVL) is up $0.16 (1.55) to $10.48 on average volume Thus far, 3.3 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 8.6 million shares. The stock has ranged in price between $10.21-$10.48 after having opened the day at $10.29 as compared to the previous trading day's close of $10.32.

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 $5.3 billion and is part of the technology sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 44.9% year to date as of the close of trading on Thursday.

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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2. As of noon trading, Agilent Technologies ( A) is up $0.64 (1.46) to $44.50 on heavy volume Thus far, 3.0 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $43.43-$44.51 after having opened the day at $43.43 as compared to the previous trading day's close of $43.86.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $14.7 billion and is part of the health care sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Agilent 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, reasonable 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 Agilent Technologies Ratings Report now.

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1. As of noon trading, First Solar ( FSLR) is up $1.06 (2.85) to $38.26 on average volume Thus far, 4.0 million shares of First Solar exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $36.51-$38.35 after having opened the day at $36.95 as compared to the previous trading day's close of $37.19.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $3.2 billion and is part of the technology sector. Shares are up 17.7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates First Solar as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full First Solar 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 4 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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