5 Stocks Driving The Electronics Industry Higher

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 15,444 as of Tuesday, July 16, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.4%. Top gainers within the industry include Avago Technologies ( AVGO), up 2.9%, Micron Technology ( MU), up 1.3%, Xilinx ( XLNX), up 0.9%, KLA-Tencor Corporation ( KLAC), up 0.8% and Broadcom Corporation ( BRCM), up 0.6%. On the negative front, top decliners within the industry include SunEdison ( SUNE), down 4.0%, United Microelectronics ( UMC), down 3.6%, Advanced Semiconductor Engineering ( ASX), down 1.6%, Sensata Technologies Holding N.V ( ST), down 1.4% and STMicroelectronics ( STM), down 1.2%.

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

5. Skyworks Solutions ( SWKS) is one of the companies pushing the Electronics industry higher today. As of noon trading, Skyworks Solutions is up $0.72 (3.3%) to $22.66 on average volume. Thus far, 1.7 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $21.95-$22.77 after having opened the day at $21.95 as compared to the previous trading day's close of $21.94.

Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $4.2 billion and is part of the technology sector. Shares are up 9.3% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Skyworks Solutions 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, attractive valuation levels, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Skyworks Solutions Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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