5 Electronics Stocks Nudging The Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 76 points (0.5%) at 15,300 as of Tuesday, July 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,101 issues advancing vs. 849 declining with 106 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 1.2%. Top gainers within the industry include Freescale Semiconductor ( FSL), up 11.7%, Advanced Semiconductor Engineering ( ASX), up 4.6%, LG.Display Company ( LPL), up 4.1%, Jabil Circuit ( JBL), up 4.0% and Applied Materials ( AMAT), up 3.7%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Maxim Integrated Products ( MXIM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Maxim Integrated Products is up $0.79 (2.9%) to $27.90 on average volume. Thus far, 1.2 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $27.36-$27.91 after having opened the day at $27.36 as compared to the previous trading day's close of $27.11.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.1 billion and is part of the technology sector. Shares are down 7.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Maxim Integrated Products Ratings Report now.

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