5 Stocks Advancing The Electronics Industry

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Teradyne ( TER), up 5.0%, Lam Research Corporation ( LRCX), up 4.3%, KLA-Tencor Corporation ( KLAC), up 1.9%, Xilinx ( XLNX), up 1.6% and STMicroelectronics ( STM), up 1.5%. On the negative front, top decliners within the industry include Micron Technology ( MU), down 3.1%, and Emerson Electric ( EMR), down 0.9%.

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

5. ASML ( ASML) is one of the companies pushing the Electronics industry higher today. As of noon trading, ASML is up $1.15 (1.4%) to $83.28 on light volume. Thus far, 405,225 shares of ASML exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $82.58-$83.37 after having opened the day at $82.61 as compared to the previous trading day's close of $82.13.

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 $33.2 billion and is part of the technology sector. Shares are up 26.6% year to date as of the close of trading on Tuesday. Currently there are 9 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.

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