3 Stocks Driving The Electronics Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 72 points (0.4%) at 16,112 as of Thursday, Feb. 20, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,810 issues advancing vs. 1,095 declining with 165 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.3%. Top gainers within the industry include SunEdison ( SUNE), up 3.6%, NVIDIA Corporation ( NVDA), up 1.8%, Avago Technologies ( AVGO), up 1.8%, Agilent Technologies ( A), up 1.5% and Emerson Electric ( EMR), up 1.0%. On the negative front, top decliners within the industry include Kyocera Corporation ( KYO), down 1.3%, Altera ( ALTR), down 0.8%, Analog Devices ( ADI), down 0.7% and ABB ( ABB), down 0.6%.

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

3. Skyworks Solutions ( SWKS) is one of the companies pushing the Electronics industry higher today. As of noon trading, Skyworks Solutions is up $1.07 (3.4%) to $32.39 on heavy volume. Thus far, 3.0 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $31.90-$32.65 after having opened the day at $32.00 as compared to the previous trading day's close of $31.32.

Skyworks Solutions, Inc., together with its subsidiaries, provides analog semiconductors worldwide. Skyworks Solutions has a market cap of $6.0 billion and is part of the technology sector. Shares are up 9.7% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Skyworks Solutions as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Skyworks Solutions Ratings Report now.

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