3 Electronics Stocks Dragging The Industry Down

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 118 points (0.7%) at 16,381 as of Wednesday, April 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,313 issues advancing vs. 673 declining with 149 unchanged.

The Electronics industry currently sits up 0.5% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the industry include ASML ( ASML), down 4.6%, Analog Devices ( ADI), down 2.2% and KLA-Tencor Corporation ( KLAC), down 1.6%. Top gainers within the industry include Trimble Navigation ( TRMB), up 3.5%, LG.Display Company ( LPL), up 2.2%, Amphenol ( APH), up 2.0%, Ametek ( AME), up 1.6% and Kyocera Corporation ( KYO), 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 $0.25 (-1.2%) to $20.26 on average volume. Thus far, 6.3 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.2 million shares. The stock has ranged in price between $20.22-$20.42 after having opened the day at $20.41 as compared to the previous trading day's close of $20.51.

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 $105.1 billion and is part of the technology sector. Shares are up 17.6% 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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