3 Electronics Stocks Dragging The Industry Down

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 15,368 as of Monday, May 20, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,885 issues advancing vs. 1,048 declining with 118 unchanged.

The Electronics industry currently sits up 2.6% versus the S&P 500, which is up 0.1%. Top gainers within the industry include JA Solar Holdings Co. ADR ( JASO), up 47.6%, SunPower Corporation ( SPWR), up 7.0%, Semiconductor Manufacturing International C ( SMI), up 3.7%, STMicroelectronics ( STM), up 1.8% and Kyocera Corporation ( KYO), up 1.6%.

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

3. Raven Industries ( RAVN) is one of the companies pushing the Electronics industry lower today. As of noon trading, Raven Industries is down $3.00 (-8.7%) to $31.43 on heavy volume Thus far, 274,071 shares of Raven Industries exchanged hands as compared to its average daily volume of 108,300 shares. The stock has ranged in price between $30.55-$33.37 after having opened the day at $32.50 as compared to the previous trading day's close of $34.43.

Raven Industries, Inc., together with its subsidiaries, provides various products for the industrial, agricultural, energy, construction, and military/aerospace markets in the United States and internationally. It operates in three segments: Applied Technology, Engineered Films, and Aerostar. Raven Industries has a market cap of $1.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 33.3% year to date as of the close of trading on Friday.

TheStreet Ratings rates Raven Industries 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, good cash flow from operations, increase in net income, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Raven Industries Ratings Report now.

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2. As of noon trading, Amphenol ( APH) is down $1.06 (-1.3%) to $82.23 on heavy volume Thus far, 541,025 shares of Amphenol exchanged hands as compared to its average daily volume of 594,700 shares. The stock has ranged in price between $82.23-$83.23 after having opened the day at $83.03 as compared to the previous trading day's close of $83.29.

Amphenol Corporation provides electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. Amphenol has a market cap of $13.0 billion and is part of the technology sector. The company has a P/E ratio of 22.9, 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 Friday.

TheStreet Ratings rates Amphenol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Amphenol 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.

1. As of noon trading, Maxim Integrated Products ( MXIM) is down $0.31 (-1.0%) to $31.06 on average volume Thus far, 1.2 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $30.99-$31.41 after having opened the day at $31.23 as compared to the previous trading day's close of $31.37.

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 $9.1 billion and is part of the technology sector. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7. Shares are up 6.4% year to date as of the close of trading on Friday.

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, good cash flow from operations and increase 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 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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