Electronics Stocks On The Rise With Help From 3 Stocks

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was Garmin ( GRMN), up 1.5%. On the negative front, top decliners within the industry include Advanced Energy Industries ( AEIS), down 18.1%, and Amphenol Corp Class A ( APH), down 1.1%.

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

3. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.37 (1.9%) to $20.03 on average volume. Thus far, 5.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.9 million shares. The stock has ranged in price between $19.73-$20.09 after having opened the day at $19.78 as compared to the previous trading day's close of $19.66.

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 $101.7 billion and is part of the technology sector. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year-to-date as of the close of trading on Monday. 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.

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2. As of noon trading, Intel ( INTC) is up $0.15 (0.6%) to $26.32 on light volume. Thus far, 9.7 million shares of Intel exchanged hands as compared to its average daily volume of 29.8 million shares. The stock has ranged in price between $26.00-$26.38 after having opened the day at $26.16 as compared to the previous trading day's close of $26.17.

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 $131.5 billion and is part of the technology sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins 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 Intel 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, Micron Technology ( MU) is up $0.31 (1.2%) to $27.05 on average volume. Thus far, 12.6 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 $26.51-$27.18 after having opened the day at $26.83 as compared to the previous trading day's close of $26.74.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $28.2 billion and is part of the technology sector. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7. Shares are up 22.9% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who 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.

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).

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