5 Stocks Dragging The Electronics Industry Downward

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. 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. A company within the industry that increased today was Kyocera Corporation ( KYO), up 0.56.

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

5. Linear Technology ( LLTC) is one of the companies pushing the Electronics industry lower today. As of noon trading, Linear Technology is down $0.41 (-1.1%) to $35.94 on light volume Thus far, 436,700 shares of Linear Technology exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $35.93-$36.73 after having opened the day at $36.63 as compared to the previous trading day's close of $36.35.

Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits (ICs) worldwide. Linear Technology has a market cap of $8.7 billion and is part of the technology sector. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Linear Technology a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Linear Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Linear Technology 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, NXP Semiconductor ( NXPI) is down $0.52 (-1.8%) to $29.21 on light volume Thus far, 1.1 million shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $29.17-$29.95 after having opened the day at $29.94 as compared to the previous trading day's close of $29.73.

NXP Semiconductors N.V. provides mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It provides integrated circuits (ICs) and discrete semiconductors. NXP Semiconductor has a market cap of $7.6 billion and is part of the technology sector. The company has a P/E ratio of 1019.3, above the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a sell. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures. Get the full NXP Semiconductor 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, Altera ( ALTR) is down $0.40 (-1.2%) to $31.75 on light volume Thus far, 892,333 shares of Altera exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $31.71-$32.52 after having opened the day at $32.30 as compared to the previous trading day's close of $32.15.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.4 billion and is part of the technology sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Altera a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Altera 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, Analog Devices ( ADI) is down $0.60 (-1.3%) to $44.42 on light volume Thus far, 844,540 shares of Analog Devices exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $44.41-$45.52 after having opened the day at $45.43 as compared to the previous trading day's close of $45.02.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $14.2 billion and is part of the technology sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Analog Devices 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, Xilinx ( XLNX) is down $0.72 (-1.9%) to $38.44 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 $38.42-$39.52 after having opened the day at $39.47 as compared to the previous trading day's close of $39.16.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Xilinx has a market cap of $10.7 billion and is part of the technology sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 12.6% 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 10 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.

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 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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