4 Electronics Stocks Dragging The Industry Down

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 42 points (-0.3%) at 15,487 as of Wednesday, Sept. 18, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 930 issues advancing vs. 1,976 declining with 128 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is down 0.2%.

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

4. Analog Devices ( ADI) is one of the companies pushing the Electronics industry lower today. As of noon trading, Analog Devices is down $0.50 (-1.0%) to $47.99 on average volume. Thus far, 660,639 shares of Analog Devices exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $47.96-$48.49 after having opened the day at $48.43 as compared to the previous trading day's close of $48.49.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $15.0 billion and is part of the technology sector. Shares are up 14.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, 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 Analog Devices 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, NXP Semiconductor ( NXPI) is down $0.54 (-1.4%) to $37.26 on average volume. Thus far, 997,424 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 $37.24-$38.00 after having opened the day at $37.96 as compared to the previous trading day's close of $37.79.

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 $9.4 billion and is part of the technology sector. Shares are up 43.4% year to date as of the close of trading on Tuesday. 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, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full NXP Semiconductor 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 $0.66 (-1.7%) to $37.52 on heavy volume. Thus far, 2.6 million shares of Altera exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $37.33-$37.97 after having opened the day at $37.90 as compared to the previous trading day's close of $38.18.

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 $12.1 billion and is part of the technology sector. Shares are up 10.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Altera a buy, no analysts rate it a sell, and 10 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.33 (-1.9%) to $17.35 on average volume. Thus far, 4.3 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.4 million shares. The stock has ranged in price between $17.35-$17.66 after having opened the day at $17.48 as compared to the previous trading day's close of $17.68.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $91.4 billion and is part of the technology sector. Shares are up 2.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing 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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