NOK, TXN, SNDK, IBM And CSCO, 5 Technology Stocks Pushing The Sector 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 81 points (-0.5%) at 15,762 as of Thursday, Dec. 12, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,157 issues advancing vs. 1,771 declining with 147 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Tim Holding Company ( TSU), down 2.4%, Broadcom Corporation ( BRCM), down 2.4%, Oracle Corporation ( ORCL), down 2.2%, Taiwan Semiconductor Manufacturing ( TSM), down 2.1% and LM Ericsson Telephone Company ( ERIC), down 1.9%. Top gainers within the sector include Facebook Inc Class A ( FB), up 4.0%, 3D Systems Corporation ( DDD), up 3.8%, Yahoo ( YHOO), up 1.5%, NTT DoCoMo ( DCM), up 0.9% and eBay ( EBAY), up 0.6%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Nokia Oyj ( NOK) is one of the companies pushing the Technology sector lower today. As of noon trading, Nokia Oyj is down $0.08 (-1.1%) to $7.65 on average volume. Thus far, 11.8 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 31.2 million shares. The stock has ranged in price between $7.63-$7.85 after having opened the day at $7.78 as compared to the previous trading day's close of $7.73.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $29.7 billion and is part of the telecommunications industry. Shares are up 100.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and good cash flow from operations. 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 Nokia Oyj 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.

4. As of noon trading, Texas Instruments ( TXN) is down $0.44 (-1.0%) to $42.37 on light volume. Thus far, 2.1 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $42.30-$42.61 after having opened the day at $42.33 as compared to the previous trading day's close of $42.81.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $47.5 billion and is part of the electronics industry. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are up 40.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Texas Instruments a buy, 2 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Texas Instruments 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, SanDisk ( SNDK) is down $2.00 (-3.0%) to $65.37 on heavy volume. Thus far, 3.5 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $64.50-$66.35 after having opened the day at $66.16 as compared to the previous trading day's close of $67.37.

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. SanDisk has a market cap of $15.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 58.5% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates SanDisk 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, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full SanDisk 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, International Business Machines ( IBM) is down $0.99 (-0.6%) to $174.21 on average volume. Thus far, 2.1 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $173.76-$175.80 after having opened the day at $175.06 as compared to the previous trading day's close of $175.20.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $192.3 billion and is part of the computer software & services industry. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are down 8.5% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines 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, Cisco Systems ( CSCO) is down $0.51 (-2.4%) to $20.37 on heavy volume. Thus far, 37.0 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 44.6 million shares. The stock has ranged in price between $20.26-$20.83 after having opened the day at $20.82 as compared to the previous trading day's close of $20.88.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $113.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems 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, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cisco Systems 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 technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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