4 Stocks Driving The Electronics Industry Higher

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 79 points (0.5%) at 15,467 as of Wednesday, May 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,746 issues advancing vs. 1,183 declining with 133 unchanged.

The Electronics industry currently sits down 0.34 versus the S&P 500, which is up 0.5%. Top gainers within the industry include Kyocera Corporation ( KYO), up 4.9%, Intel ( INTC), up 1.1% and Eaton Corporation ( ETN), up 0.6%. On the negative front, top decliners within the industry include First Solar ( FSLR), down 2.41, LG.Display Company ( LPL), down 2.50, Amphenol ( APH), down 2.16, United Microelectronics ( UMC), down 1.81 and STMicroelectronics ( STM), down 2.03.

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

4. Xilinx ( XLNX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Xilinx is up $0.47 (1.19) to $39.94 on heavy volume Thus far, 2.6 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $39.13-$39.98 after having opened the day at $39.30 as compared to the previous trading day's close of $39.47.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $10.2 billion and is part of the technology sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 10.1% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Xilinx a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, growth in earnings per share, 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 shows weak operating cash flow. Get the full Xilinx Ratings Report now.

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