4 Electronics Stocks Pushing The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.

The Electronics industry currently sits down 0.64 versus the S&P 500, which is down 0.61. A company within the industry that increased today was Kyocera Corporation ( KYO), up 0.56. On the negative front, top decliners within the industry include Freescale Semiconductor ( FSL), down 3.86, First Solar ( FSLR), down 3.84, Atmel Corporation ( ATML), down 3.08, Broadcom Corporation ( BRCM), down 2.37 and Maxim Integrated Products ( MXIM), down 1.86.

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

4. Mellanox Technologies ( MLNX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Mellanox Technologies is up $3.33 (7.07) to $50.44 on heavy volume Thus far, 916,461 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 635,100 shares. The stock has ranged in price between $46.15-$50.98 after having opened the day at $47.21 as compared to the previous trading day's close of $47.11.

Mellanox Technologies, Ltd., a fabless semiconductor company, produces and supplies semiconductor interconnect products for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, database, cloud, and embedded markets. Mellanox Technologies has a market cap of $2.2 billion and is part of the technology sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are down 15.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Mellanox Technologies a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Mellanox Technologies as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. Get the full Mellanox Technologies Ratings Report now.

3x UPSIDE POTENTIAL: 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, Marvell Technology Group ( MRVL) is up $0.11 (1.01) to $10.98 on average volume Thus far, 4.9 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $10.84-$11.19 after having opened the day at $11.02 as compared to the previous trading day's close of $10.87.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. Marvell Technology Group has a market cap of $5.5 billion and is part of the technology sector. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are up 53.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Marvell Technology Group as a hold. The company's strengths can be seen in multiple areas, such as its 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 Marvell Technology Group Ratings Report now.

3x UPSIDE POTENTIAL: 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, Cree ( CREE) is up $0.48 (0.79) to $61.40 on light volume Thus far, 597,933 shares of Cree exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $61.09-$61.94 after having opened the day at $61.68 as compared to the previous trading day's close of $60.92.

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 $7.5 billion and is part of the technology sector. The company has a P/E ratio of 107.7, above the S&P 500 P/E ratio of 17.7. Shares are up 87.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Cree a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cree as a buy. 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, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cree Ratings Report now.

3x UPSIDE POTENTIAL: 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, Applied Materials ( AMAT) is up $0.20 (1.32) to $15.39 on heavy volume Thus far, 14.3 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $15.38-$15.81 after having opened the day at $15.61 as compared to the previous trading day's close of $15.19.

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 $18.6 billion and is part of the technology sector. Shares are up 35.1% 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.

3x UPSIDE POTENTIAL: 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 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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