3 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 65 points (-0.4%) at 15,111 as of Friday, June 14, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Electronics industry currently sits down 0.45 versus the S&P 500, which is down 0.25. Top gainers within the industry include Broadcom Corporation ( BRCM), up 1.9%, Xilinx ( XLNX), up 1.3%, Maxim Integrated Products ( MXIM), up 1.1%, NXP Semiconductor ( NXPI), up 1.0% and Texas Instruments ( TXN), up 0.7%. On the negative front, top decliners within the industry include Semiconductor Manufacturing International C ( SMI), down 3.73, Advantest ( ATE), down 3.35, First Solar ( FSLR), down 2.72, United Microelectronics ( UMC), down 2.31 and Advanced Semiconductor Engineering ( ASX), down 1.73.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. InvenSense ( INVN) is one of the companies pushing the Electronics industry higher today. As of noon trading, InvenSense is up $1.03 (7.57) to $14.63 on heavy volume Thus far, 3.2 million shares of InvenSense exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $14.05-$14.90 after having opened the day at $14.09 as compared to the previous trading day's close of $13.60.

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical systems (MEMS) gyroscopes for motion tracking devices in consumer electronics. InvenSense has a market cap of $1.1 billion and is part of the technology sector. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 22.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate InvenSense a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates InvenSense as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full InvenSense 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, Trimble Navigation ( TRMB) is up $0.40 (1.56) to $26.40 on average volume Thus far, 749,476 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $25.90-$26.42 after having opened the day at $25.99 as compared to the previous trading day's close of $26.00.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $6.7 billion and is part of the technology sector. The company has a P/E ratio of 35.3, above the S&P 500 P/E ratio of 17.7. Shares are down 12.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Trimble Navigation 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, Avago Technologies ( AVGO) is up $0.48 (1.31) to $37.60 on average volume Thus far, 976,377 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $37.05-$37.80 after having opened the day at $37.14 as compared to the previous trading day's close of $37.11.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $8.9 billion and is part of the technology sector. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago 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, expanding profit margins, increase in stock price during the past year, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Avago 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.

If you are interested in one of these 3 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.

null

More from Markets

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens