3 Stocks Advancing The Electronics Industry

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,411 as of Monday, April 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,415 issues advancing vs. 1,576 declining with 152 unchanged.

The Electronics industry currently sits down 1.9% versus the S&P 500, which is unchanged. A company within the industry that increased today was Kyocera ( KYO), up 0.7%. On the negative front, top decliners within the industry include Canadian Solar ( CSIQ), down 11.6%, SunPower ( SPWR), down 4.8%, SunEdison ( SUNE), down 4.6%, Cree ( CREE), down 4.4% and Avago Technologies ( AVGO), down 2.5%.

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

3. Roper Industries ( ROP) is one of the companies pushing the Electronics industry higher today. As of noon trading, Roper Industries is up $7.92 (6.1%) to $137.22 on heavy volume. Thus far, 669,539 shares of Roper Industries exchanged hands as compared to its average daily volume of 543,400 shares. The stock has ranged in price between $135.89-$139.94 after having opened the day at $138.15 as compared to the previous trading day's close of $129.30.

Roper Industries, Inc. designs, manufactures, and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products, energy systems, and control products and solutions worldwide. Roper Industries has a market cap of $13.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7. Shares are down 6.8% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Roper Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Roper Industries 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, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Roper Industries Ratings Report now.

3x UPSIDE POTENTIAL: 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, Broadcom ( BRCM) is up $0.43 (1.4%) to $30.19 on heavy volume. Thus far, 7.3 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $29.87-$31.09 after having opened the day at $29.98 as compared to the previous trading day's close of $29.76.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $16.7 billion and is part of the technology sector. The company has a P/E ratio of 42.2, above the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year-to-date as of the close of trading on Friday. Currently there are 18 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Broadcom as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom Ratings Report now.

3x UPSIDE POTENTIAL: 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 up $0.22 (1.1%) to $20.13 on average volume. Thus far, 7.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.6 million shares. The stock has ranged in price between $20.06-$20.30 after having opened the day at $20.13 as compared to the previous trading day's close of $19.91.

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 $106.6 billion and is part of the technology sector. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who 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.

3x UPSIDE POTENTIAL: 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).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers