5 Stocks Pulling The Electronics Industry Downward

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%. On the negative front, top decliners within the industry include CGG ( CGG), down 3.0%, Semiconductor Manufacturing International C ( SMI), down 2.4% and Kyocera Corporation ( KYO), down 1.8%. Top gainers within the industry include Himax Technologies ( HIMX), up 5.2%, Advantest ( ATE), up 4.5%, Corning ( GLW), up 1.3% and Eaton Corporation ( ETN), up 0.4%.

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

5. Fluidigm Corporation ( FLDM) is one of the companies pushing the Electronics industry lower today. As of noon trading, Fluidigm Corporation is down $3.59 (-8.8%) to $37.39 on heavy volume. Thus far, 576,600 shares of Fluidigm Corporation exchanged hands as compared to its average daily volume of 248,500 shares. The stock has ranged in price between $36.44-$39.89 after having opened the day at $39.80 as compared to the previous trading day's close of $40.98.

Fluidigm Corporation develops, manufactures, and markets microfluidic systems for academic research institutions, clinical laboratories, pharmaceutical companies, and biotechnology and Ag-Bio companies. Fluidigm Corporation has a market cap of $1.0 billion and is part of the technology sector. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Fluidigm Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Fluidigm Corporation as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. Get the full Fluidigm 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.

4. As of noon trading, ABB ( ABB) is down $0.14 (-0.6%) to $25.29 on average volume. Thus far, 637,335 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.18-$25.38 after having opened the day at $25.29 as compared to the previous trading day's close of $25.43.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $57.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB 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, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full ABB 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.

3. As of noon trading, Cirrus Logic ( CRUS) is down $1.65 (-8.8%) to $17.09 on heavy volume. Thus far, 5.0 million shares of Cirrus Logic exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $16.82-$17.81 after having opened the day at $17.31 as compared to the previous trading day's close of $18.74.

Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. Cirrus Logic has a market cap of $1.2 billion and is part of the technology sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are down 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Cirrus Logic a buy, 3 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cirrus Logic as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, good cash flow from operations 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 Cirrus Logic 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, Amphenol ( APH) is down $0.70 (-0.8%) to $85.39 on heavy volume. Thus far, 525,591 shares of Amphenol exchanged hands as compared to its average daily volume of 518,000 shares. The stock has ranged in price between $84.99-$85.93 after having opened the day at $85.08 as compared to the previous trading day's close of $86.09.

Amphenol Corporation provides electrical, electronic, and fiber optic connectors; interconnect systems; and coaxial and specialty cables worldwide. Amphenol has a market cap of $13.5 billion and is part of the technology sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Amphenol a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Amphenol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Amphenol 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, Garmin ( GRMN) is down $0.36 (-0.8%) to $45.29 on light volume. Thus far, 220,401 shares of Garmin exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $44.78-$45.50 after having opened the day at $44.92 as compared to the previous trading day's close of $45.65.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $8.8 billion and is part of the technology sector. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Garmin 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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