3 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.7%) at 16,388 as of Friday, Feb. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Mercadolibre ( MELI), up 14.2%, Youku Tudou Inc ADR repr Class A ( YOKU), up 10.4%, 3D Systems Corporation ( DDD), up 3.7%, SK Telecom ( SKM), up 2.0% and Yahoo ( YHOO), up 1.7%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 3.7%, Salesforce.com ( CRM), down 3.6%, LinkedIn ( LNKD), down 2.3%, America Movil S.A.B. de C.V ( AMX), down 1.9% and America Movil S.A.B. de C.V ( AMOV), down 1.8%.

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

3. Texas Instruments ( TXN) is one of the companies pushing the Technology sector higher today. As of noon trading, Texas Instruments is up $0.29 (0.7%) to $45.07 on light volume. Thus far, 2.1 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $44.58-$45.07 after having opened the day at $44.88 as compared to the previous trading day's close of $44.78.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $48.4 billion and is part of the electronics industry. Shares are up 2.0% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Texas Instruments a buy, 3 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Texas Instruments Ratings Report now.

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