Today's Top Performers In Electronics

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the industry include InvenSense ( INVN), up 12.1%, Intersil Corporation ( ISIL), up 6.6%, Garmin ( GRMN), up 5.8%, Marvell Technology Group ( MRVL), up 2.9% and WEX ( WEX), up 2.4%. On the negative front, top decliners within the industry include Aixtron SE NA ( AIXG), down 3.2%, Advantest ( ATE), down 2.2%, Semiconductor Manufacturing International C ( SMI), down 2.1% and Kyocera Corporation ( KYO), down 1.5%.

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

5. Altera ( ALTR) is one of the companies pushing the Electronics industry higher today. As of noon trading, Altera is up $0.26 (0.7%) to $35.45 on average volume. Thus far, 1.5 million shares of Altera exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $35.32-$35.80 after having opened the day at $35.37 as compared to the previous trading day's close of $35.19.

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 $11.1 billion and is part of the technology sector. Shares are up 1.5% year to date as of the close of trading on Tuesday. Currently there are 9 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 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 has had somewhat weak growth in earnings per share. Get the full Altera Ratings Report now.

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