LPL, IPGP And HIMX, Pushing Electronics Industry Downward

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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%. 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%. 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%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. LG.Display Company ( LPL) is one of the companies pushing the Electronics industry lower today. As of noon trading, LG.Display Company is down $0.11 (-0.9%) to $12.30 on light volume. Thus far, 142,206 shares of LG.Display Company exchanged hands as compared to its average daily volume of 568,600 shares. The stock has ranged in price between $12.26-$12.37 after having opened the day at $12.33 as compared to the previous trading day's close of $12.41.

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG.Display Company has a market cap of $8.9 billion and is part of the technology sector. Shares are down 14.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates LG.Display Company a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates LG.Display Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full LG.Display Company 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, IPG Photonics Corporation ( IPGP) is down $0.98 (-1.6%) to $60.92 on average volume. Thus far, 355,119 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 473,600 shares. The stock has ranged in price between $59.77-$62.71 after having opened the day at $61.90 as compared to the previous trading day's close of $61.90.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers that are used in various applications, primarily in materials processing. IPG Photonics Corporation has a market cap of $3.2 billion and is part of the technology sector. Shares are down 8.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates IPG Photonics 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, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full IPG Photonics 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, Himax Technologies ( HIMX) is down $0.30 (-4.4%) to $6.52 on heavy volume. Thus far, 6.6 million shares of Himax Technologies exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $6.47-$6.85 after having opened the day at $6.76 as compared to the previous trading day's close of $6.82.

Himax Technologies, Inc. designs, develops, and markets semiconductors for flat panel displays. The company operates in two segments, Driver IC and Non-Driver Products. Himax Technologies has a market cap of $1.2 billion and is part of the technology sector. Shares are up 199.2% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Himax Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Himax Technologies 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, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Himax 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.

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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