3 Stocks Underperforming Today In The Electronics Industry

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 3 stocks pushing the industry lower today:

3. Ixia ( XXIA) is one of the companies pushing the Electronics industry lower today. As of noon trading, Ixia is down $3.34 (-18.8%) to $14.40 on heavy volume. Thus far, 3.7 million shares of Ixia exchanged hands as compared to its average daily volume of 714,200 shares. The stock has ranged in price between $13.31-$14.99 after having opened the day at $14.95 as compared to the previous trading day's close of $17.74.

Ixia provides converged Internet protocol (IP) network validation and network visibility solutions in the United States and internationally. The company's solutions are used to design, verify, and monitor a range of Ethernet, Wi-Fi, and 3G/long-term evolution equipment and networks. Ixia has a market cap of $1.4 billion and is part of the technology sector. Shares are up 5.9% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Ixia a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ixia as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Ixia Ratings Report now.

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