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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