3 Stocks Dragging In The Electronics Industry

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 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Applied Materials ( AMAT), down 2.5%, Kyocera Corporation ( KYO), down 2.2%, Advanced Semiconductor Engineering ( ASX), down 1.3%, LG.Display Company ( LPL), down 1.0% and Micron Technology ( MU), down 0.6%. Top gainers within the industry include Himax Technologies ( HIMX), up 5.4%, SunPower Corporation ( SPWR), up 2.8%, Agilent Technologies ( A), up 1.6%, Linear Technology ( LLTC), up 1.5% and Ametek ( AME), up 0.8%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Methode Electronics ( MEI) is one of the companies pushing the Electronics industry lower today. As of noon trading, Methode Electronics is down $2.26 (-8.2%) to $25.30 on heavy volume. Thus far, 530,966 shares of Methode Electronics exchanged hands as compared to its average daily volume of 359,400 shares. The stock has ranged in price between $24.82-$27.76 after having opened the day at $27.52 as compared to the previous trading day's close of $27.56.

Methode Electronics, Inc. engages in the design, manufacture, and marketing of components and subsystem devices worldwide. Its Automotive segment provides electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. Methode Electronics has a market cap of $1.0 billion and is part of the technology sector. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 174.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Methode Electronics a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Methode Electronics 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Methode Electronics 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 $1.04 (-1.6%) to $62.62 on light volume. Thus far, 439,366 shares of KLA-Tencor Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $62.59-$63.74 after having opened the day at $63.36 as compared to the previous trading day's close of $63.66.

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 $10.6 billion and is part of the technology sector. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 33.3% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate KLA-Tencor Corporation a buy, 1 analyst rates it a sell, and 4 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, 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, ASML ( ASML) is down $1.19 (-1.3%) to $92.59 on light volume. Thus far, 275,214 shares of ASML exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $92.11-$93.03 after having opened the day at $92.14 as compared to the previous trading day's close of $93.78.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $41.6 billion and is part of the technology sector. Shares are up 45.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML 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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