4 Electronics Stocks Nudging 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 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 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 0.46 versus the S&P 500, which is down 0.17. A company within the industry that increased today was Kyocera Corporation ( KYO), up 1.20. On the negative front, top decliners within the industry include Marvell Technology Group ( MRVL), down 1.90, Trimble Navigation ( TRMB), down 1.41, Garmin ( GRMN), down 1.54, NXP Semiconductor ( NXPI), down 1.31 and LG.Display Company ( LPL), down 0.98.

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

4. ABB ( ABB) is one of the companies pushing the Electronics industry higher today. As of noon trading, ABB is up $0.12 (0.53) to $22.56 on average volume Thus far, 846,041 shares of ABB exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $22.51-$22.75 after having opened the day at $22.69 as compared to the previous trading day's close of $22.44.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $51.2 billion and is part of the technology sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB 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, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ABB 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, NVIDIA Corporation ( NVDA) is up $0.72 (5.00) to $15.12 on heavy volume Thus far, 17.4 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $14.48-$15.48 after having opened the day at $14.53 as compared to the previous trading day's close of $14.40.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $8.4 billion and is part of the technology sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 18.2% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate NVIDIA Corporation a buy, 2 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation 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, reasonable valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full NVIDIA Corporation 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, ASML ( ASML) is up $0.83 (1.03) to $81.18 on light volume Thus far, 564,214 shares of ASML exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $81.13-$81.83 after having opened the day at $81.43 as compared to the previous trading day's close of $80.35.

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 $32.3 billion and is part of the technology sector. Shares are up 23.1% year to date as of the close of trading on Tuesday. Currently there are 10 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 largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, 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.

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, Micron Technology ( MU) is up $0.06 (0.44) to $13.81 on heavy volume Thus far, 42.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 31.3 million shares. The stock has ranged in price between $13.64-$14.11 after having opened the day at $13.82 as compared to the previous trading day's close of $13.75.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $13.6 billion and is part of the technology sector. Shares are up 116.9% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full Micron Technology 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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