3 Stocks Underperforming Today In 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. 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%. A company within the industry that increased today was Kyocera ( KYO), up 0.7%.

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

3. Texas Instruments ( TXN) is one of the companies pushing the Electronics industry lower today. As of noon trading, Texas Instruments is down $0.64 (-1.4%) to $45.40 on average volume. Thus far, 4.9 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $45.31-$46.73 after having opened the day at $46.46 as compared to the previous trading day's close of $46.04.

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 $52.4 billion and is part of the technology sector. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year-to-date as of the close of trading on Friday. 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 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 Texas Instruments Ratings Report now.

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2. As of noon trading, First Solar ( FSLR) is down $3.78 (-5.5%) to $64.85 on average volume. Thus far, 2.3 million shares of First Solar exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $64.58-$69.00 after having opened the day at $68.61 as compared to the previous trading day's close of $68.63.

First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. First Solar has a market cap of $7.1 billion and is part of the technology sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 25.6% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate First Solar a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full First Solar Ratings Report now.

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1. As of noon trading, Micron Technology ( MU) is down $0.60 (-2.4%) to $24.66 on average volume. Thus far, 16.1 million shares of Micron Technology exchanged hands as compared to its average daily volume of 32.4 million shares. The stock has ranged in price between $24.57-$25.73 after having opened the day at $25.43 as compared to the previous trading day's close of $25.26.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $28.0 billion and is part of the technology sector. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 16.1% year-to-date as of the close of trading on Friday. 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.

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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