5 Stocks Dragging In The Electronics Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 14,951 as of Friday, Sept. 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,968 issues advancing vs. 907 declining with 132 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Garmin ( GRMN), down 1.1%, Taiwan Semiconductor Manufacturing ( TSM), down 0.8%, Kyocera Corporation ( KYO), down 0.9% and Texas Instruments ( TXN), down 0.6%.

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

5. NXP Semiconductor ( NXPI) is one of the companies pushing the Electronics industry lower today. As of noon trading, NXP Semiconductor is down $0.63 (-1.6%) to $38.36 on average volume. Thus far, 1.5 million shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $37.80-$39.46 after having opened the day at $39.46 as compared to the previous trading day's close of $38.99.

NXP Semiconductors N.V. provides mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It provides integrated circuits (ICs) and discrete semiconductors. NXP Semiconductor has a market cap of $9.7 billion and is part of the technology sector. Shares are up 48.1% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. Get the full NXP Semiconductor Ratings Report now.

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