5 Stocks Dragging In The Technology Sector

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 46 points (-0.3%) at 15,208 as of Tuesday, June 4, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,093 issues advancing vs. 1,832 declining with 114 unchanged.

The Technology sector currently sits down 0.10 versus the S&P 500, which is down 0.24. On the negative front, top decliners within the sector include Salesforce.com ( CRM), down 2.90, Telecom Italia SpA ( TI.A), down 1.94, Symantec ( SYMC), down 1.88, Siemens ( SI), down 1.03 and International Business Machines ( IBM), down 0.94. Top gainers within the sector include ExactTarget ( ET), up 52.5%, Oi ( OIBR), up 17.6%, Portugal Telecom ( PT), up 7.1%, Turkcell Iletisim Hizmetleri AS ( TKC), up 3.9% and STMicroelectronics ( STM), up 4.1%.

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

5. ASML ( ASML) is one of the companies pushing the Technology sector lower today. As of noon trading, ASML is down $0.93 (-1.1%) to $80.77 on heavy volume Thus far, 2.5 million shares of ASML exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $80.31-$81.35 after having opened the day at $81.18 as compared to the previous trading day's close of $81.70.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $33.1 billion and is part of the electronics industry. Shares are up 26.2% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML as a buy. 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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