5 Stocks Pulling The Electronics Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include First Solar ( FSLR), down 9.6%, Kyocera Corporation ( KYO), down 1.7%, ABB ( ABB), down 1.6%, Corning ( GLW), down 1.2% and Micron Technology ( MU), down 0.7%.

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

5. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry lower today. As of noon trading, Trimble Navigation is down $0.75 (-2.2%) to $33.82 on average volume. Thus far, 564,775 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $33.56-$34.05 after having opened the day at $33.70 as compared to the previous trading day's close of $34.57.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $8.9 billion and is part of the technology sector. The company has a P/E ratio of 46.5, above the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Trimble Navigation Ratings Report now.

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