5 Electronics Stocks Pushing Industry Growth

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 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.4%. Top gainers within the industry include Himax Technologies ( HIMX), up 5.2%, Advantest ( ATE), up 4.6%, Corning ( GLW), up 1.2% and Eaton Corporation ( ETN), up 0.4%. On the negative front, top decliners within the industry include CGG ( CGG), down 2.6%, Semiconductor Manufacturing International C ( SMI), down 2.4% and Kyocera Corporation ( KYO), down 2.0%.

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

5. Silicon Laboratories ( SLAB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Silicon Laboratories is up $3.65 (8.5%) to $46.69 on heavy volume. Thus far, 531,224 shares of Silicon Laboratories exchanged hands as compared to its average daily volume of 295,800 shares. The stock has ranged in price between $44.78-$47.45 after having opened the day at $47.00 as compared to the previous trading day's close of $43.04.

Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets analog-intensive and mixed-signal integrated circuits (ICs). Silicon Laboratories has a market cap of $1.9 billion and is part of the technology sector. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Silicon Laboratories a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Silicon Laboratories 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, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. Get the full Silicon Laboratories Ratings Report now.

3x UPSIDE POTENTIAL: 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, RF Micro Devices ( RFMD) is up $0.46 (9.4%) to $5.35 on heavy volume. Thus far, 18.6 million shares of RF Micro Devices exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $4.97-$5.37 after having opened the day at $4.97 as compared to the previous trading day's close of $4.89.

RF Micro Devices, Inc. engages in the design, development, manufacture, and marketing of radio frequency (RF) solutions for original equipment manufacturers and original design manufacturers in wireless and wired communications applications in the United States and internationally. RF Micro Devices has a market cap of $1.4 billion and is part of the technology sector. Shares are down 5.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate RF Micro Devices a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates RF Micro Devices as a hold. 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 and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full RF Micro Devices Ratings Report now.

3x UPSIDE POTENTIAL: 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, Altera ( ALTR) is up $0.43 (1.3%) to $32.78 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 $32.09-$32.80 after having opened the day at $32.20 as compared to the previous trading day's close of $32.35.

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 $10.2 billion and is part of the technology sector. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Altera a buy, 2 analysts rate it a sell, and 5 rate it a hold.

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

3x UPSIDE POTENTIAL: 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, NXP Semiconductor ( NXPI) is up $0.98 (2.1%) to $47.67 on average volume. Thus far, 1.3 million 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 $46.67-$47.94 after having opened the day at $46.75 as compared to the previous trading day's close of $46.69.

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 $11.3 billion and is part of the technology sector. The company has a P/E ratio of 1533.3, above the S&P 500 P/E ratio of 17.7. Shares are up 1.6% 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.

3x UPSIDE POTENTIAL: 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, Canadian Solar ( CSIQ) is up $1.33 (3.4%) to $41.01 on average volume. Thus far, 2.2 million shares of Canadian Solar exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $38.63-$41.60 after having opened the day at $39.42 as compared to the previous trading day's close of $39.68.

Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar power products worldwide. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Canadian Solar has a market cap of $1.7 billion and is part of the technology sector. Shares are up 33.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Canadian Solar a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Canadian Solar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Canadian Solar Ratings Report now.

3x UPSIDE POTENTIAL: 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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