4 Stocks Dragging In The Electronics Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 84 points (-0.5%) at 15,367 as of Wednesday, Aug. 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,847 declining with 114 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Agilent Technologies ( A), down 0.9%, and Taiwan Semiconductor Manufacturing ( TSM), down 0.8%. A company within the industry that increased today was Intel ( INTC), up 0.8%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry lower today. As of noon trading, Trimble Navigation is down $0.54 (-2.0%) to $26.19 on light volume. Thus far, 491,672 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $26.15-$26.99 after having opened the day at $26.77 as compared to the previous trading day's close of $26.73.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $6.9 billion and is part of the technology sector. Shares are down 10.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Trimble Navigation 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.

3. As of noon trading, Ametek ( AME) is down $0.63 (-1.4%) to $45.10 on light volume. Thus far, 342,475 shares of Ametek exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $45.05-$45.83 after having opened the day at $45.76 as compared to the previous trading day's close of $45.73.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. Ametek has a market cap of $11.2 billion and is part of the technology sector. Shares are up 21.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Ametek a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Ametek 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, Altera ( ALTR) is down $0.45 (-1.2%) to $35.85 on average volume. Thus far, 1.3 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 $35.78-$36.24 after having opened the day at $36.13 as compared to the previous trading day's close of $36.30.

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 $11.5 billion and is part of the technology sector. Shares are up 5.6% 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 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.

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, Cree ( CREE) is down $14.07 (-18.6%) to $61.69 on heavy volume. Thus far, 14.0 million shares of Cree exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $59.87-$62.85 after having opened the day at $61.74 as compared to the previous trading day's close of $75.76.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $8.8 billion and is part of the technology sector. Shares are up 120.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Cree a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cree 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, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cree 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 3 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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