5 Stocks Underperforming Today In The Electronics Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Kyocera Corporation ( KYO), up 1.1%. Top gainers within the industry include Himax Technologies ( HIMX), up 35.8%, Bruker Corporation ( BRKR), up 3.7%, United Microelectronics ( UMC), up 3.1%, Trimble Navigation ( TRMB), up 3.3% and Garmin ( GRMN), up 2.5%.

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

5. Mellanox Technologies ( MLNX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Mellanox Technologies is down $3.12 (-5.8%) to $50.26 on heavy volume. Thus far, 970,060 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 678,300 shares. The stock has ranged in price between $50.12-$54.89 after having opened the day at $53.56 as compared to the previous trading day's close of $53.38.

Mellanox Technologies, Ltd., a fabless semiconductor company, produces and supplies semiconductor interconnect products for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, database, cloud, and embedded markets. Mellanox Technologies has a market cap of $2.2 billion and is part of the technology sector. Shares are down 10.1% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Mellanox Technologies a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Mellanox Technologies as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Mellanox Technologies Ratings Report now.

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