XLNX, ASML, AMAT, GLW And TXN, 5 Electronics Stocks Pushing The Industry Lower

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. 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. A company within the industry that increased today was NVIDIA Corporation ( NVDA), up 3.25.

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

5. Xilinx ( XLNX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Xilinx is down $0.42 (-1.1%) to $36.99 on average volume Thus far, 1.7 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $36.63-$37.40 after having opened the day at $37.36 as compared to the previous trading day's close of $37.41.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $9.9 billion and is part of the technology sector. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year 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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4. As of noon trading, ASML ( ASML) is down $0.18 (-0.3%) to $69.14 on average volume Thus far, 853,134 shares of ASML exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $68.18-$69.35 after having opened the day at $69.14 as compared to the previous trading day's close of $69.32.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $28.0 billion and is part of the technology sector. Shares are up 6.6% year to date as of the close of trading on Thursday.

TheStreet Ratings rates ASML 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, increase in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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3. As of noon trading, Applied Materials ( AMAT) is down $0.18 (-1.3%) to $13.61 on light volume Thus far, 3.5 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.6 million shares. The stock has ranged in price between $13.51-$13.79 after having opened the day at $13.77 as compared to the previous trading day's close of $13.80.

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 $16.6 billion and is part of the technology sector. The company has a P/E ratio of 460.3, above the S&P 500 P/E ratio of 17.7. Shares are up 20.7% year to date as of the close of trading on Thursday.

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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2. As of noon trading, Corning ( GLW) is down $0.13 (-1.0%) to $13.24 on average volume Thus far, 5.8 million shares of Corning exchanged hands as compared to its average daily volume of 14.3 million shares. The stock has ranged in price between $13.21-$13.37 after having opened the day at $13.35 as compared to the previous trading day's close of $13.37.

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 $19.7 billion and is part of the technology sector. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Thursday.

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 down $0.11 (-0.3%) to $35.58 on light volume Thus far, 3.2 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $35.23-$35.82 after having opened the day at $35.67 as compared to the previous trading day's close of $35.69.

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 $39.6 billion and is part of the technology sector. The company has a P/E ratio of 23.7, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Thursday.

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 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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