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.

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