4 Stocks Pushing The Electronics Industry Lower

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 15,645 as of Thursday, Sept. 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,343 issues advancing vs. 1,599 declining with 112 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Micron Technology ( MU), up 0.5%. Top gainers within the industry include Sensata Technologies Holding N.V ( ST), up 1.3%, Roper Industries ( ROP), up 0.9% and ABB ( ABB), up 0.5%.

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

4. Microsemi ( MSCC) is one of the companies pushing the Electronics industry lower today. As of noon trading, Microsemi is down $0.97 (-3.7%) to $25.32 on heavy volume. Thus far, 725,895 shares of Microsemi exchanged hands as compared to its average daily volume of 414,200 shares. The stock has ranged in price between $25.14-$25.87 after having opened the day at $25.76 as compared to the previous trading day's close of $26.29.

Microsemi Corporation engages in the design, manufacture, and marketing of analog and mixed-signal integrated circuits (ICs) primarily in the United States, Europe, and Asia. Microsemi has a market cap of $2.5 billion and is part of the technology sector. Shares are up 25.0% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Microsemi a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Microsemi as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsemi 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, InvenSense ( INVN) is down $0.86 (-4.8%) to $17.14 on heavy volume. Thus far, 4.3 million shares of InvenSense exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $16.70-$17.52 after having opened the day at $17.45 as compared to the previous trading day's close of $18.00.

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics. InvenSense has a market cap of $1.5 billion and is part of the technology sector. Shares are up 62.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate InvenSense a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates InvenSense as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full InvenSense 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, KLA-Tencor Corporation ( KLAC) is down $0.45 (-0.7%) to $61.56 on light volume. Thus far, 463,724 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $61.53-$62.44 after having opened the day at $62.11 as compared to the previous trading day's close of $62.01.

KLA-Tencor Corporation engages in design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. KLA-Tencor Corporation has a market cap of $10.2 billion and is part of the technology sector. Shares are up 29.1% 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 3 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, solid stock price performance, 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.

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, Broadcom Corporation ( BRCM) is down $0.41 (-1.5%) to $27.24 on light volume. Thus far, 3.8 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 10.9 million shares. The stock has ranged in price between $27.21-$27.66 after having opened the day at $27.65 as compared to the previous trading day's close of $27.65.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $14.5 billion and is part of the technology sector. Shares are down 17.4% year to date as of the close of trading on Wednesday. Currently there are 25 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom Corporation 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 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).
null