4 Stocks Underperforming Today In The Electronics Industry

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. On the negative front, top decliners within the industry include Kemet Corporation ( KEM), down 25.41, STMicroelectronics ( STM), down 1.50, Kyocera Corporation ( KYO), down 1.56, Advanced Semiconductor Engineering ( ASX), down 0.90 and ABB ( ABB), down 0.57. Top gainers within the industry include First Solar ( FSLR), up 3.3%, Micron Technology ( MU), up 2.9% and Emerson Electric ( EMR), up 1.2%.

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

4. AU Optronics Corporation ( AUO) is one of the companies pushing the Electronics industry lower today. As of noon trading, AU Optronics Corporation is down $0.10 (-2.1%) to $4.52 on heavy volume Thus far, 1.9 million shares of AU Optronics Corporation exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $4.49-$4.53 after having opened the day at $4.52 as compared to the previous trading day's close of $4.62.

AU Optronics Corp. engages in the design, development, manufacture, assembly, and marketing of thin film transistor liquid crystal displays and other flat panel displays. The company operates in two segments, Display and Solar. AU Optronics Corporation has a market cap of $4.0 billion and is part of the technology sector. Shares are up 2.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates AU Optronics Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full AU Optronics Corporation Ratings Report now.

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3. As of noon trading, Spreadtrum Communications ( SPRD) is down $1.50 (-7.2%) to $19.38 on heavy volume Thus far, 1.6 million shares of Spreadtrum Communications exchanged hands as compared to its average daily volume of 923,500 shares. The stock has ranged in price between $19.32-$20.80 after having opened the day at $20.00 as compared to the previous trading day's close of $20.88.

Spreadtrum Communications, Inc., a fabless semiconductor company, engages in the design, development, and marketing of mobile chipset platforms for smartphones, feature phones, and other consumer electronics products in Hong Kong, Mailand China, and others. Spreadtrum Communications has a market cap of $986.2 million and is part of the technology sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 18.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Spreadtrum Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures 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 Spreadtrum Communications Ratings Report now.

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2. As of noon trading, MEMC Electronic Materials ( WFR) is down $0.26 (-4.8%) to $5.08 on heavy volume Thus far, 6.3 million shares of MEMC Electronic Materials exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $5.00-$5.23 after having opened the day at $5.11 as compared to the previous trading day's close of $5.33.

MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers. The company also develops and sells photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. MEMC Electronic Materials has a market cap of $1.2 billion and is part of the technology sector. Shares are up 66.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates MEMC Electronic Materials as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. Get the full MEMC Electronic Materials Ratings Report now.

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1. As of noon trading, Maxim Integrated Products ( MXIM) is down $0.26 (-0.8%) to $31.55 on average volume Thus far, 943,262 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $31.47-$31.84 after having opened the day at $31.83 as compared to the previous trading day's close of $31.81.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $9.2 billion and is part of the technology sector. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, increase in net income and good cash flow from operations. 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 Maxim Integrated Products 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 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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