5 Stocks Dragging The Electronics Industry Downward

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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 30 points (-0.2%) at 15,089 as of Monday, May 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,245 issues advancing vs. 1,704 declining with 112 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering ( ASX), down 3.18, Agilent Technologies ( A), down 1.97, STMicroelectronics ( STM), down 1.98, ABB ( ABB), down 1.64 and ASML ( ASML), down 0.72.

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

5. Applied Materials ( AMAT) is one of the companies pushing the Electronics industry lower today. As of noon trading, Applied Materials is down $0.25 (-1.7%) to $14.72 on light volume Thus far, 4.3 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 $14.69-$14.95 after having opened the day at $14.92 as compared to the previous trading day's close of $14.97.

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 $17.9 billion and is part of the technology sector. The company has a P/E ratio of 497.3, above the S&P 500 P/E ratio of 17.7. Shares are up 30.4% year to date as of the close of trading on Friday.

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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4. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is down $0.15 (-0.7%) to $20.02 on light volume Thus far, 3.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.8 million shares. The stock has ranged in price between $19.96-$20.10 after having opened the day at $20.09 as compared to the previous trading day's close of $20.17.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $104.8 billion and is part of the technology sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 17.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth 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 Taiwan Semiconductor Manufacturing Ratings Report now.

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3. As of noon trading, Micron Technology ( MU) is down $0.15 (-1.4%) to $10.67 on light volume Thus far, 11.3 million shares of Micron Technology exchanged hands as compared to its average daily volume of 31.4 million shares. The stock has ranged in price between $10.60-$10.81 after having opened the day at $10.75 as compared to the previous trading day's close of $10.82.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $11.0 billion and is part of the technology sector. Shares are up 68.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full Micron Technology Ratings Report now.

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2. As of noon trading, Texas Instruments ( TXN) is down $0.32 (-0.9%) to $36.72 on average volume Thus far, 5.1 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $36.57-$37.03 after having opened the day at $36.92 as compared to the previous trading day's close of $37.04.

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 $41.0 billion and is part of the technology sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 19.8% year to date as of the close of trading on Friday.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Texas Instruments Ratings Report now.

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1. As of noon trading, Intel ( INTC) is down $0.34 (-1.4%) to $24.16 on light volume Thus far, 14.0 million shares of Intel exchanged hands as compared to its average daily volume of 44.1 million shares. The stock has ranged in price between $24.15-$24.49 after having opened the day at $24.41 as compared to the previous trading day's close of $24.50.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $121.1 billion and is part of the technology sector. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 18.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates Intel 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, good cash flow from operations, expanding profit margins 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 Intel 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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