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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3. As of noon trading, Cree ( CREE) is up $2.64 (4.42) to $62.50 on heavy volume Thus far, 2.5 million shares of Cree exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $61.01-$63.51 after having opened the day at $61.74 as compared to the previous trading day's close of $59.85.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $7.0 billion and is part of the technology sector. The company has a P/E ratio of 101.1, above the S&P 500 P/E ratio of 17.7. Shares are up 75.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Cree a buy, 4 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cree as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Cree Ratings Report now.

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2. As of noon trading, Applied Materials ( AMAT) is up $0.14 (0.92) to $14.80 on average volume Thus far, 4.9 million shares of Applied Materials exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $14.64-$14.90 after having opened the day at $14.66 as compared to the previous trading day's close of $14.67.

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. Shares are up 30.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 7 rate it a hold.

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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1. As of noon trading, Micron Technology ( MU) is up $0.13 (1.16) to $11.36 on heavy volume Thus far, 25.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 31.7 million shares. The stock has ranged in price between $11.22-$11.68 after having opened the day at $11.23 as compared to the previous trading day's close of $11.23.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $11.5 billion and is part of the technology sector. Shares are up 76.8% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 7 rate it a hold.

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.

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 4 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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