3 Stocks Pushing The Electronics Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Advanced Semiconductor Engineering ( ASX), up 1.9%. Top gainers within the industry include Siliconware Precision Industries ( SPIL), up 3.5%, Acuity Brands ( AYI), up 3.5%, TE Connectivity ( TEL), up 2.3%, Lam Research Corporation ( LRCX), up 2.1% and Amphenol ( APH), up 1.4%.

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

3. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Electronics industry lower today. As of noon trading, Taiwan Semiconductor Manufacturing is down $0.22 (-1.1%) to $20.10 on average volume. Thus far, 7.7 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $20.08-$20.35 after having opened the day at $20.30 as compared to the previous trading day's close of $20.32.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $103.8 billion and is part of the technology sector. Shares are up 14.8% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates 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. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. 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.

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2. As of noon trading, Micron Technology ( MU) is down $0.24 (-1.0%) to $24.20 on light volume. Thus far, 10.7 million shares of Micron Technology exchanged hands as compared to its average daily volume of 32.1 million shares. The stock has ranged in price between $24.00-$24.60 after having opened the day at $24.57 as compared to the previous trading day's close of $24.44.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $25.1 billion and is part of the technology sector. Shares are up 12.4% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income 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 Micron Technology Ratings Report now.

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1. As of noon trading, Intel ( INTC) is down $0.27 (-1.0%) to $25.72 on light volume. Thus far, 10.1 million shares of Intel exchanged hands as compared to its average daily volume of 31.8 million shares. The stock has ranged in price between $25.70-$26.05 after having opened the day at $25.96 as compared to the previous trading day's close of $25.99.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $128.3 billion and is part of the technology sector. Shares are up 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Intel 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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