5 Stocks Boosting The Electronics Industry Higher

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 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Electronics industry currently sits down 0.6% versus the S&P 500, which is unchanged. Top gainers within the industry include Broadcom Corporation ( BRCM), up 1.2%, Trimble Navigation ( TRMB), up 1.1% and TE Connectivity ( TEL), up 0.6%. A company within the industry that fell today was Taiwan Semiconductor Manufacturing ( TSM), up 0.9%.

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

5. Marvell Technology Group ( MRVL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Marvell Technology Group is up $0.29 (2.0%) to $14.52 on light volume. Thus far, 2.3 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $14.23-$14.56 after having opened the day at $14.32 as compared to the previous trading day's close of $14.23.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. Marvell Technology Group has a market cap of $7.0 billion and is part of the technology sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are up 96.0% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Marvell Technology Group 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 attractive valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Marvell Technology Group Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Avago Technologies ( AVGO) is up $0.80 (1.8%) to $45.53 on average volume. Thus far, 975,925 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $45.32-$46.21 after having opened the day at $45.49 as compared to the previous trading day's close of $44.73.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $11.1 billion and is part of the technology sector. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 41.1% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avago Technologies Ratings Report now.

3x UPSIDE POTENTIAL: 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, NVIDIA Corporation ( NVDA) is up $0.15 (1.0%) to $15.75 on average volume. Thus far, 3.1 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $15.51-$15.86 after having opened the day at $15.54 as compared to the previous trading day's close of $15.60.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $8.9 billion and is part of the technology sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate NVIDIA Corporation a buy, 3 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates NVIDIA 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, expanding profit margins, increase in stock price during the past year 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 NVIDIA Corporation Ratings Report now.

3x UPSIDE POTENTIAL: 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, Cree ( CREE) is up $2.15 (3.9%) to $57.95 on light volume. Thus far, 945,304 shares of Cree exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $55.62-$57.95 after having opened the day at $55.88 as compared to the previous trading day's close of $55.80.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree has a market cap of $6.8 billion and is part of the technology sector. The company has a P/E ratio of 66.5, above the S&P 500 P/E ratio of 17.7. Shares are up 66.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Cree a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Cree 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cree Ratings Report now.

3x UPSIDE POTENTIAL: 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, Micron Technology ( MU) is up $0.27 (1.3%) to $21.37 on light volume. Thus far, 13.3 million shares of Micron Technology exchanged hands as compared to its average daily volume of 46.9 million shares. The stock has ranged in price between $20.96-$21.40 after having opened the day at $21.10 as compared to the previous trading day's close of $21.10.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $22.3 billion and is part of the technology sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 233.9% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Micron Technology Ratings Report now.

3x UPSIDE POTENTIAL: 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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