5 Stocks Pulling The 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Semtech Corporation ( SMTC), down 13.1%, LG.Display Company ( LPL), down 3.1%, Maxim Integrated Products ( MXIM), down 2.4%, STMicroelectronics ( STM), down 2.0% and Linear Technology ( LLTC), down 1.4%. Top gainers within the industry include CSR ( CSRE), up 5.1%, ABB ( ABB), up 1.0%, ASML ( ASML), up 0.8% and Micron Technology ( MU), up 0.8%.

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

5. Altera ( ALTR) is one of the companies pushing the Electronics industry lower today. As of noon trading, Altera is down $0.47 (-1.5%) to $31.37 on average volume. Thus far, 1.5 million shares of Altera exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $31.14-$31.75 after having opened the day at $31.53 as compared to the previous trading day's close of $31.84.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.1 billion and is part of the technology sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Altera a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Altera as a hold. The company's strengths can be seen in multiple areas, such as its 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Altera 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, NXP Semiconductor ( NXPI) is down $0.85 (-1.9%) to $42.67 on light volume. Thus far, 970,303 shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $42.38-$43.75 after having opened the day at $43.75 as compared to the previous trading day's close of $43.52.

NXP Semiconductors N.V. provides mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It provides integrated circuits (ICs) and discrete semiconductors. NXP Semiconductor has a market cap of $10.7 billion and is part of the technology sector. The company has a P/E ratio of 1448.3, above the S&P 500 P/E ratio of 17.7. Shares are up 65.3% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate NXP Semiconductor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates NXP Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 NXP Semiconductor 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, Avago Technologies ( AVGO) is down $1.10 (-2.1%) to $52.05 on average volume. Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $51.46-$53.01 after having opened the day at $52.95 as compared to the previous trading day's close of $53.15.

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 $13.3 billion and is part of the technology sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 69.2% year to date as of the close of trading on Wednesday. Currently there are 10 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, solid stock price performance, increase 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 Avago Technologies 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, Agilent Technologies ( A) is down $0.55 (-0.9%) to $57.34 on light volume. Thus far, 681,358 shares of Agilent Technologies exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $57.22-$57.83 after having opened the day at $57.57 as compared to the previous trading day's close of $57.89.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $18.6 billion and is part of the health care sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 41.4% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Agilent Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Agilent Technologies 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, Texas Instruments ( TXN) is down $0.60 (-1.4%) to $42.50 on light volume. Thus far, 2.0 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $42.28-$43.11 after having opened the day at $43.11 as compared to the previous trading day's close of $43.10.

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 $46.4 billion and is part of the technology sector. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are up 37.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Texas Instruments a buy, 3 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.

If you are interested in one of these 4 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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