3 Stocks Pushing 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 84 points (0.6%) at 15,176 as of Tuesday, May 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,014 issues advancing vs. 928 declining with 109 unchanged.

The Electronics industry currently sits up 0.5% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering ( ASX), down 1.18, and Intel ( INTC), down 0.73. Top gainers within the industry include Acuity Brands ( AYI), up 4.1%, Jabil Circuit ( JBL), up 3.8%, LSI Corporation ( LSI), up 3.1%, LG.Display Company ( LPL), up 2.7% and Freescale Semiconductor ( FSL), up 2.4%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. United Microelectronics ( UMC) is one of the companies pushing the Electronics industry lower today. As of noon trading, United Microelectronics is down $0.04 (-1.6%) to $2.14 on average volume Thus far, 1.1 million shares of United Microelectronics exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $2.12-$2.17 after having opened the day at $2.16 as compared to the previous trading day's close of $2.17.

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company offers wafer manufacturing services and other solutions to address the needs of foundry customers. United Microelectronics has a market cap of $5.4 billion and is part of the technology sector. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are up 9.0% year to date as of the close of trading on Monday.

TheStreet Ratings rates United Microelectronics as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. Get the full United Microelectronics Ratings Report now.

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