5 Electronics Stocks Moving The Industry Upward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 119 points (0.7%) at 16,493 as of Wednesday, Jan. 15, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,941 issues advancing vs. 990 declining with 158 unchanged.

The Electronics industry currently sits up 1.0% versus the S&P 500, which is up 0.5%. Top gainers within the industry include Advanced Semiconductor Engineering ( ASX), up 3.4%, Avago Technologies ( AVGO), up 3.0%, Xilinx ( XLNX), up 2.2%, Altera ( ALTR), up 1.5% and Kyocera Corporation ( KYO), up 1.3%. A company within the industry that fell today was ASML ( ASML), up 1.9%.

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

5. NXP Semiconductor ( NXPI) is one of the companies pushing the Electronics industry higher today. As of noon trading, NXP Semiconductor is up $1.28 (2.9%) to $45.40 on average volume. Thus far, 1.2 million shares of NXP Semiconductor exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $44.42-$45.50 after having opened the day at $44.64 as compared to the previous trading day's close of $44.12.

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 $10.6 billion and is part of the technology sector. The company has a P/E ratio of 1431.3, above the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who 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.

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