5 Electronics Stocks Pushing Industry Growth

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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.

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