TSM, SNDK, TXN, HPQ And QCOM, Pushing Technology Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 15,199 as of Monday, July 8, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,878 issues advancing vs. 1,083 declining with 93 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 1.0%. On the negative front, top decliners within the sector include Intel ( INTC), down 3.6%, and Nippon Telegraph & Telephone ( NTT), down 2.0%. Top gainers within the sector include Dell ( DELL), up 2.8%, Accenture ( ACN), up 1.4%, Sap ( SAP), up 1.4%, LM Ericsson Telephone Company ADR Class B ( ERIC), up 1.1% and Telefonica ( TEF), up 0.9%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Technology sector lower today. As of noon trading, Taiwan Semiconductor Manufacturing is down $0.57 (-3.1%) to $17.64 on average volume. Thus far, 5.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.8 million shares. The stock has ranged in price between $17.59-$17.92 after having opened the day at $17.87 as compared to the previous trading day's close of $18.21.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $94.0 billion and is part of the electronics industry. Shares are up 6.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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4. As of noon trading, SanDisk ( SNDK) is down $1.36 (-2.2%) to $60.48 on average volume. Thus far, 2.0 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $60.07-$62.59 after having opened the day at $62.32 as compared to the previous trading day's close of $61.84.

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. SanDisk has a market cap of $14.9 billion and is part of the computer hardware industry. Shares are up 42.2% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates SanDisk 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 somewhat disappointing return on equity. Get the full SanDisk 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, Texas Instruments ( TXN) is down $0.33 (-0.9%) to $35.67 on light volume. Thus far, 2.8 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $35.56-$36.16 after having opened the day at $36.13 as compared to the previous trading day's close of $36.00.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $39.3 billion and is part of the electronics industry. Shares are up 14.8% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Texas Instruments a buy, 5 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Texas Instruments 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, Hewlett-Packard ( HPQ) is down $0.21 (-0.8%) to $25.37 on light volume. Thus far, 6.1 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 18.4 million shares. The stock has ranged in price between $25.18-$25.87 after having opened the day at $25.71 as compared to the previous trading day's close of $25.58.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $48.6 billion and is part of the computer hardware industry. Shares are up 79.5% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Hewlett-Packard 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, Qualcomm ( QCOM) is down $0.88 (-1.4%) to $60.07 on average volume. Thus far, 8.7 million shares of Qualcomm exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $59.91-$60.94 after having opened the day at $60.75 as compared to the previous trading day's close of $60.95.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $105.2 billion and is part of the telecommunications industry. Shares are down 1.5% year to date as of the close of trading on Friday. Currently there are 26 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm 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, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Qualcomm 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 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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