5 Stocks Boosting The Electronics Industry Higher

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 123 points (0.8%) at 15,622 as of Thursday, Aug. 1, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,947 issues advancing vs. 1,011 declining with 90 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 1.0%. Top gainers within the industry include Bruker Corporation ( BRKR), up 10.7%, Hubbell ( HUB.B), up 4.1%, NXP Semiconductor ( NXPI), up 3.6%, Cree ( CREE), up 3.6% and Microchip Technology ( MCHP), up 3.6%. A company within the industry that fell today was CGG ( CGG), up 3.1%.

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

5. KLA-Tencor Corporation ( KLAC) is one of the companies pushing the Electronics industry higher today. As of noon trading, KLA-Tencor Corporation is up $0.96 (1.6%) to $59.59 on light volume. Thus far, 599,042 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $58.85-$59.71 after having opened the day at $59.17 as compared to the previous trading day's close of $58.63.

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 $9.7 billion and is part of the technology sector. Shares are up 22.8% year to date as of the close of trading on Wednesday. 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full KLA-Tencor Corporation 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.

4. As of noon trading, ASML ( ASML) is up $0.54 (0.6%) to $90.49 on average volume. Thus far, 1.2 million shares of ASML exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $89.83-$90.74 after having opened the day at $90.59 as compared to the previous trading day's close of $89.95.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $39.9 billion and is part of the technology sector. Shares are up 39.9% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML 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.

3. As of noon trading, Corning ( GLW) is up $0.20 (1.3%) to $15.39 on average volume. Thus far, 6.3 million shares of Corning exchanged hands as compared to its average daily volume of 11.6 million shares. The stock has ranged in price between $15.32-$15.50 after having opened the day at $15.32 as compared to the previous trading day's close of $15.19.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $22.4 billion and is part of the technology sector. Shares are up 20.4% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Corning a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Corning 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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Corning 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.

2. As of noon trading, Applied Materials ( AMAT) is up $0.14 (0.9%) to $16.46 on average volume. Thus far, 5.1 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $16.38-$16.64 after having opened the day at $16.45 as compared to the previous trading day's close of $16.32.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $19.6 billion and is part of the technology sector. Shares are up 42.2% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Applied Materials 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.

1. As of noon trading, Texas Instruments ( TXN) is up $0.42 (1.1%) to $39.60 on average volume. Thus far, 4.8 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $39.25-$39.71 after having opened the day at $39.36 as compared to the previous trading day's close of $39.18.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $42.9 billion and is part of the technology sector. Shares are up 26.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Texas Instruments a buy, 4 analysts rate it a sell, and 20 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 Texas Instruments 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.

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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