LPL, MCHP, MXIM And TSM, Pushing Electronics Industry Downward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,311 as of Wednesday, Sept. 25, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,760 issues advancing vs. 1,167 declining with 109 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Advantest ( ATE), down 8.9%, Cypress Semiconductor Corporation ( CY), down 4.9% and Kyocera Corporation ( KYO), down 0.6%. Top gainers within the industry include SunEdison ( SUNE), up 8.4%, SunPower Corporation ( SPWR), up 5.9%, Garmin ( GRMN), up 3.9%, Lam Research Corporation ( LRCX), up 2.2% and Trimble Navigation ( TRMB), up 1.6%.

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

4. LG.Display Company ( LPL) is one of the companies pushing the Electronics industry lower today. As of noon trading, LG.Display Company is down $0.28 (-2.2%) to $12.36 on light volume. Thus far, 73,738 shares of LG.Display Company exchanged hands as compared to its average daily volume of 442,200 shares. The stock has ranged in price between $12.28-$12.38 after having opened the day at $12.36 as compared to the previous trading day's close of $12.64.

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG.Display Company has a market cap of $8.9 billion and is part of the technology sector. Shares are down 14.2% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates LG.Display Company a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates LG.Display Company as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. Get the full LG.Display Company 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, Microchip Technology ( MCHP) is down $0.50 (-1.2%) to $40.44 on average volume. Thus far, 800,329 shares of Microchip Technology exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $40.30-$40.99 after having opened the day at $40.95 as compared to the previous trading day's close of $40.94.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. Microchip Technology has a market cap of $8.0 billion and is part of the technology sector. Shares are up 23.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Microchip Technology 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, Maxim Integrated Products ( MXIM) is down $0.32 (-1.1%) to $29.72 on heavy volume. Thus far, 3.0 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $29.32-$30.14 after having opened the day at $30.05 as compared to the previous trading day's close of $30.04.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.6 billion and is part of the technology sector. Shares are up 2.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. 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, notable return on equity, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Maxim Integrated Products 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 $0.17 (-1.0%) to $17.39 on average volume. Thus far, 5.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.2 million shares. The stock has ranged in price between $17.24-$17.47 after having opened the day at $17.43 as compared to the previous trading day's close of $17.56.

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 $91.5 billion and is part of the technology sector. Shares are up 2.9% 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 1 rates 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, increase in stock price during the past year 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 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).
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