3 Stocks Dragging 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 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%. 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%. 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%.

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

3. Synopsys ( SNPS) is one of the companies pushing the Electronics industry lower today. As of noon trading, Synopsys is down $0.99 (-2.4%) to $39.77 on average volume. Thus far, 373,353 shares of Synopsys exchanged hands as compared to its average daily volume of 771,200 shares. The stock has ranged in price between $39.20-$41.25 after having opened the day at $41.24 as compared to the previous trading day's close of $40.76.

In 2006 sold Tharas Systems; bought Sigma-C Software AG for $20.5, Virtio Corp for $15.8; in 2005 bought HPL Technologies for $11, bought Nassda Corp for $192. Synopsys has a market cap of $6.3 billion and is part of the technology sector. Shares are up 0.7% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Synopsys a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Synopsys 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, increase in stock price during the past year, 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 Synopsys 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, Maxim Integrated Products ( MXIM) is down $0.41 (-1.3%) to $30.87 on light volume. Thus far, 829,494 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $30.84-$31.35 after having opened the day at $31.35 as compared to the previous trading day's close of $31.28.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.8 billion and is part of the technology sector. Shares are up 11.5% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures 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 Maxim Integrated Products 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.10 (-0.5%) to $17.66 on light volume. Thus far, 3.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $17.46-$17.70 after having opened the day at $17.60 as compared to the previous trading day's close of $17.76.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $92.3 billion and is part of the technology sector. Shares are up 2.0% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. Among the primary strengths of the company is its revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Taiwan Semiconductor Manufacturing 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 3 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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