4 Electronics Stocks Pushing Industry Growth

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 6 points (0.0%) at 14,695 as of Friday, April 26, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 953 issues advancing vs. 1,941 declining with 134 unchanged.

The Electronics industry currently sits down 0.47 versus the S&P 500, which is down 0.43. A company within the industry that increased today was Kyocera Corporation ( KYO), up 1.55. On the negative front, top decliners within the industry include Itron ( ITRI), down 10.48, KLA-Tencor Corporation ( KLAC), down 7.78, Maxim Integrated Products ( MXIM), down 7.62, Advantest ( ATE), down 6.56 and Trimble Navigation ( TRMB), down 2.06.

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

4. Microsemi ( MSCC) is one of the companies pushing the Electronics industry higher today. As of noon trading, Microsemi is up $1.42 (7.13) to $21.34 on heavy volume Thus far, 558,971 shares of Microsemi exchanged hands as compared to its average daily volume of 479,300 shares. The stock has ranged in price between $20.75-$22.96 after having opened the day at $22.84 as compared to the previous trading day's close of $19.92.

Microsemi Corporation engages in the design, manufacture, and marketing of analog and mixed-signal integrated circuits (ICs) and semiconductors primarily in the United States, Europe, and Asia. Microsemi has a market cap of $1.8 billion and is part of the technology sector. The company has a P/E ratio of 60.2, above the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Microsemi as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Microsemi 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.

3. As of noon trading, Freescale Semiconductor ( FSL) is up $1.06 (7.29) to $15.61 on heavy volume Thus far, 3.4 million shares of Freescale Semiconductor exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $15.28-$16.27 after having opened the day at $15.61 as compared to the previous trading day's close of $14.55.

Freescale Semiconductor, Ltd. provides embedded processing solutions for automotive, networking, industrial, and consumer markets worldwide. Freescale Semiconductor has a market cap of $3.6 billion and is part of the technology sector. Shares are up 32.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Freescale Semiconductor as a sell. The area that we feel has been the company's primary weakness has been its meager revenue growth. Get the full Freescale Semiconductor 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.

2. As of noon trading, Atmel Corporation ( ATML) is up $0.32 (5.06) to $6.65 on heavy volume Thus far, 5.0 million shares of Atmel Corporation exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $6.34-$6.80 after having opened the day at $6.44 as compared to the previous trading day's close of $6.33.

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. Atmel Corporation has a market cap of $2.7 billion and is part of the technology sector. The company has a P/E ratio of 91.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Atmel Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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 Atmel Corporation 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.

1. As of noon trading, SunPower Corporation ( SPWR) is up $1.23 (10.12) to $13.39 on heavy volume Thus far, 6.6 million shares of SunPower Corporation exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $12.70-$13.90 after having opened the day at $12.86 as compared to the previous trading day's close of $12.16.

SunPower Corporation, an integrated solar products and solutions company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. SunPower Corporation has a market cap of $1.5 billion and is part of the technology sector. Shares are up 118.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates SunPower Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins. Get the full SunPower Corporation 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.
null

If you liked this article you might like

If Not Qualcomm, Who Should Broadcom Buy?

If Not Qualcomm, Who Should Broadcom Buy?

Which Chip Companies Could Be Acquired Next?

Which Chip Companies Could Be Acquired Next?

Starboard's Total Board Takeover Effort at Mellanox Could Pave the Way for M&A

Starboard's Total Board Takeover Effort at Mellanox Could Pave the Way for M&A

Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A

Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A

3 Trends Behind the Semiconductor M&A Wave, and 5 Companies That Could Be Next

3 Trends Behind the Semiconductor M&A Wave, and 5 Companies That Could Be Next