4 Stocks Pushing The Electronics Industry Lower

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is down 0.1%. Top gainers within the industry include SunPower Corporation ( SPWR), up 4.2%, AU Optronics Corporation ( AUO), up 3.9%, Cree ( CREE), up 3.2%, Xilinx ( XLNX), up 1.8% and LG.Display Company ( LPL), up 1.5%.

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

4. Applied Micro Circuits Corporation ( AMCC) is one of the companies pushing the Electronics industry lower today. As of noon trading, Applied Micro Circuits Corporation is down $0.57 (-4.8%) to $11.40 on average volume. Thus far, 582,168 shares of Applied Micro Circuits Corporation exchanged hands as compared to its average daily volume of 853,300 shares. The stock has ranged in price between $11.38-$12.15 after having opened the day at $11.74 as compared to the previous trading day's close of $11.97.

Applied Micro Circuits Corporation offers computing and connectivity solutions for embedded computing, telco, and cloud infrastructure and data centers. Applied Micro Circuits Corporation has a market cap of $881.0 million and is part of the technology sector. Shares are up 42.2% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Applied Micro Circuits Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Applied Micro Circuits Corporation as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Applied Micro Circuits Corporation Ratings Report now.

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