5 Electronics Stocks Dragging The Industry Down

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 15,482 as of Monday, July 15, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,042 declining with 108 unchanged.

The Electronics industry currently sits up 0.9% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Teradyne ( TER), down 2.0%, Siliconware Precision Industries ( SPIL), down 1.9%, Atmel Corporation ( ATML), down 1.6%, Linear Technology ( LLTC), down 0.8% and LG.Display Company ( LPL), down 0.6%. Top gainers within the industry include Applied Micro Circuits Corporation ( AMCC), up 15.4%, Canadian Solar ( CSIQ), up 14.1%, Trina Solar ( TSL), up 12.1%, SunEdison ( SUNE), up 10.9% and Power Integrations ( POWI), up 9.4%.

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

5. Avago Technologies ( AVGO) is one of the companies pushing the Electronics industry lower today. As of noon trading, Avago Technologies is down $0.46 (-1.2%) to $38.49 on light volume. Thus far, 768,541 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $38.46-$39.08 after having opened the day at $38.98 as compared to the previous trading day's close of $38.95.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $9.5 billion and is part of the technology sector. Shares are up 21.9% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Avago Technologies 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.

4. As of noon trading, Altera ( ALTR) is down $0.25 (-0.7%) to $34.80 on average volume. Thus far, 1.3 million shares of Altera exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $34.73-$35.18 after having opened the day at $35.18 as compared to the previous trading day's close of $35.05.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $11.0 billion and is part of the technology sector. Shares are up 0.3% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Altera a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Altera 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. 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 Altera 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, Lam Research Corporation ( LRCX) is down $0.72 (-1.4%) to $49.71 on average volume. Thus far, 930,066 shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $49.65-$50.55 after having opened the day at $50.51 as compared to the previous trading day's close of $50.43.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. Lam Research Corporation has a market cap of $8.1 billion and is part of the technology sector. Shares are up 38.3% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Lam Research Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Lam Research Corporation 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, expanding profit margins 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 Lam Research Corporation 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, KLA-Tencor Corporation ( KLAC) is down $0.48 (-0.8%) to $59.91 on light volume. Thus far, 642,758 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $59.77-$60.38 after having opened the day at $60.35 as compared to the previous trading day's close of $60.39.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation has a market cap of $9.9 billion and is part of the technology sector. Shares are up 25.5% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate KLA-Tencor Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates KLA-Tencor Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full KLA-Tencor Corporation 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, Broadcom Corporation ( BRCM) is down $0.35 (-1.0%) to $34.48 on light volume. Thus far, 2.3 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $34.41-$34.78 after having opened the day at $34.49 as compared to the previous trading day's close of $34.83.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $18.1 billion and is part of the technology sector. Shares are up 4.9% year to date as of the close of trading on Friday. Currently there are 30 analysts that rate Broadcom Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Broadcom 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, 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 Broadcom Corporation 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 electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).
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