3 Stocks Pushing The Electronics Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,344 as of Tuesday, Dec. 24, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,931 issues advancing vs. 985 declining with 162 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include United Microelectronics ( UMC), down 2.2%, and Kyocera Corporation ( KYO), down 2.2%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Advanced Semiconductor Engineering is down $0.08 (-1.7%) to $4.68 on average volume. Thus far, 377,705 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 875,000 shares. The stock has ranged in price between $4.65-$4.72 after having opened the day at $4.72 as compared to the previous trading day's close of $4.76.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. Advanced Semiconductor Engineering has a market cap of $7.0 billion and is part of the technology sector. Shares are up 11.2% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Advanced Semiconductor Engineering a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Advanced Semiconductor Engineering 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.

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