5 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Electronics industry currently sits down 0.21 versus the S&P 500, which is down 0.89. On the negative front, top decliners within the industry include Advantest ( ATE), down 4.57, Kyocera Corporation ( KYO), down 1.97, Maxim Integrated Products ( MXIM), down 1.94, Lam Research Corporation ( LRCX), down 1.85 and Garmin ( GRMN), down 1.49.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Agilent Technologies ( A) is one of the companies pushing the Electronics industry lower today. As of noon trading, Agilent Technologies is down $0.54 (-1.2%) to $45.89 on average volume Thus far, 1.8 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $45.40-$46.35 after having opened the day at $45.98 as compared to the previous trading day's close of $46.43.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $15.8 billion and is part of the health care sector. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 11.4% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Agilent Technologies 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, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agilent Technologies Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Applied Materials ( AMAT) is down $0.08 (-0.5%) to $14.79 on average volume Thus far, 5.5 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 $14.72-$14.94 after having opened the day at $14.78 as compared to the previous trading day's close of $14.87.

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 $17.4 billion and is part of the technology sector. Shares are up 26.7% 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Corning ( GLW) is down $0.10 (-0.6%) to $15.56 on average volume Thus far, 5.7 million shares of Corning exchanged hands as compared to its average daily volume of 13.5 million shares. The stock has ranged in price between $15.47-$15.70 after having opened the day at $15.53 as compared to the previous trading day's close of $15.66.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $23.1 billion and is part of the technology sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 24.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Corning a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Corning Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Emerson Electric ( EMR) is down $0.33 (-0.6%) to $57.33 on light volume Thus far, 961,590 shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $57.18-$57.77 after having opened the day at $57.40 as compared to the previous trading day's close of $57.66.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $40.9 billion and is part of the technology sector. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Emerson Electric Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Texas Instruments ( TXN) is down $0.20 (-0.6%) to $36.00 on light volume Thus far, 3.4 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $35.87-$36.27 after having opened the day at $36.04 as compared to the previous trading day's close of $36.20.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $39.9 billion and is part of the technology sector. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 16.5% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Texas Instruments a buy, 5 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Texas Instruments 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, notable return on equity, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Texas Instruments Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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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