3 Electronics Stocks Dragging The Industry Down

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 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.

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, Applied Materials ( AMAT) is down $0.21 (-1.1%) to $18.65 on average volume. Thus far, 10.5 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.4 million shares. The stock has ranged in price between $18.44-$18.79 after having opened the day at $18.70 as compared to the previous trading day's close of $18.86.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $23.0 billion and is part of the technology sector. Shares are up 6.7% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and compelling growth in net income. 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 Applied Materials 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, Texas Instruments ( TXN) is down $0.71 (-1.6%) to $45.10 on heavy volume. Thus far, 5.8 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $44.54-$45.73 after having opened the day at $45.70 as compared to the previous trading day's close of $45.81.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $49.0 billion and is part of the technology sector. Shares are up 4.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 17 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Texas Instruments 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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