3 Electronics Stocks Dragging The Industry Down

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 15,878 as of Tuesday, Jan. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 972 declining with 141 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Advantest ( ATE), down 9.2%, Himax Technologies ( HIMX), down 8.8%, LG.Display Company ( LPL), down 2.6%, TE Connectivity ( TEL), down 1.7% and Applied Materials ( AMAT), down 0.9%. Top gainers within the industry include Sanmina ( SANM), up 14.3%, Waters Corporation ( WAT), up 7.0%, SunPower Corporation ( SPWR), up 4.1%, SolarCity ( SCTY), up 3.5% and Maxim Integrated Products ( MXIM), up 3.3%.

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

3. ASML ( ASML) is one of the companies pushing the Electronics industry lower today. As of noon trading, ASML is down $0.78 (-0.9%) to $86.84 on average volume. Thus far, 757,990 shares of ASML exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $86.73-$88.10 after having opened the day at $87.88 as compared to the previous trading day's close of $87.62.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $38.8 billion and is part of the technology sector. Shares are down 6.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate ASML a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML 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, solid stock price performance, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full ASML 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, Corning ( GLW) is down $0.99 (-5.4%) to $17.23 on heavy volume. Thus far, 25.1 million shares of Corning exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $16.55-$17.64 after having opened the day at $17.01 as compared to the previous trading day's close of $18.22.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $26.4 billion and is part of the technology sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Corning a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, 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 Corning 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, Broadcom Corporation ( BRCM) is down $0.39 (-1.3%) to $28.89 on average volume. Thus far, 4.1 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $28.76-$29.20 after having opened the day at $29.07 as compared to the previous trading day's close of $29.28.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $15.2 billion and is part of the technology sector. The company has a P/E ratio of 33.8, above the S&P 500 P/E ratio of 17.7. Shares are down 0.9% year-to-date as of the close of trading on Monday. Currently there are 20 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Broadcom Corporation 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 5 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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