5 Stocks Pushing The Electronics 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 15,100 as of Thursday, May 9, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,176 issues advancing vs. 1,742 declining with 136 unchanged.

The Electronics industry currently sits down 0.37 versus the S&P 500, which is down 0.21. Top gainers within the industry include First Solar ( FSLR), up 3.3%, Micron Technology ( MU), up 3.1% and Emerson Electric ( EMR), up 1.2%. On the negative front, top decliners within the industry include Kemet Corporation ( KEM), down 25.26, STMicroelectronics ( STM), down 1.61, Kyocera Corporation ( KYO), down 1.56, Advanced Semiconductor Engineering ( ASX), down 1.01 and ABB ( ABB), down 0.56.

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

5. Waters Corporation ( WAT) is one of the companies pushing the Electronics industry higher today. As of noon trading, Waters Corporation is up $0.87 (0.91) to $96.67 on average volume Thus far, 179,458 shares of Waters Corporation exchanged hands as compared to its average daily volume of 434,400 shares. The stock has ranged in price between $95.59-$96.87 after having opened the day at $95.59 as compared to the previous trading day's close of $95.80.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. Waters Corporation has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 10.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Waters Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Waters Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. 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 Waters Corporation Ratings Report now.

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4. As of noon trading, Cirrus Logic ( CRUS) is up $1.47 (6.80) to $23.09 on heavy volume Thus far, 3.6 million shares of Cirrus Logic exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $21.45-$23.48 after having opened the day at $21.45 as compared to the previous trading day's close of $21.62.

Cirrus Logic, Inc., a fabless semiconductor company, develops signal processing integrated circuits (ICs) for audio and energy markets. Cirrus Logic has a market cap of $1.3 billion and is part of the technology sector. The company has a P/E ratio of 6.4, below the S&P 500 P/E ratio of 17.7. Shares are down 27.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Cirrus Logic a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cirrus Logic 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, attractive valuation levels 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 Cirrus Logic Ratings Report now.

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3. As of noon trading, Avago Technologies ( AVGO) is up $0.42 (1.24) to $33.92 on average volume Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $33.40-$33.97 after having opened the day at $33.48 as compared to the previous trading day's close of $33.50.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $8.0 billion and is part of the technology sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago 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, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Avago Technologies Ratings Report now.

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2. As of noon trading, Applied Materials ( AMAT) is up $0.08 (0.57) to $14.94 on light volume Thus far, 2.6 million shares of Applied Materials exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $14.82-$14.97 after having opened the day at $14.86 as compared to the previous trading day's close of $14.85.

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 $17.7 billion and is part of the technology sector. The company has a P/E ratio of 490.7, above the S&P 500 P/E ratio of 17.7. Shares are up 28.7% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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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1. As of noon trading, Corning ( GLW) is up $0.18 (1.24) to $15.06 on average volume Thus far, 6.1 million shares of Corning exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $14.83-$15.25 after having opened the day at $14.83 as compared to the previous trading day's close of $14.88.

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 $21.9 billion and is part of the technology sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 17.9% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Corning a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Corning Ratings Report now.

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If you are interested in one of these 5 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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