5 Stocks Raising The Technology Sector Higher

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Automatic Data Processing ( ADP), up 1.4%, Micron Technology ( MU), up 1.4%, Hewlett-Packard ( HPQ), up 1.0%, America Movil S.A.B. de C.V ( AMOV), up 1.2% and Cognizant Technology Solutions Corporation ( CTSH), up 1.0%. On the negative front, top decliners within the sector include Amazon.com ( AMZN), down 3.2%, ASML ( ASML), down 1.6%, America Movil S.A.B. de C.V ( AMX), down 0.9%, Telefonica ( TEF), down 0.7% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 0.5%.

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

5. Trimble Navigation ( TRMB) is one of the companies pushing the Technology sector higher today. As of noon trading, Trimble Navigation is up $3.99 (12.2%) to $36.61 on heavy volume. Thus far, 3.7 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $34.36-$37.42 after having opened the day at $34.61 as compared to the previous trading day's close of $32.62.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $8.3 billion and is part of the electronics industry. Shares are down 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Trimble Navigation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Trimble Navigation Ratings Report now.

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