3 Electronics Stocks Pushing The Industry Higher

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Electronics industry currently sits down 1.0% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Taiwan Semiconductor Manufacturing ( TSM), up 1.4%, Avago Technologies ( AVGO), up 0.9%, Emerson Electric ( EMR), up 0.9%, ASML ( ASML), up 0.7% and Intel ( INTC), up 0.6%. On the negative front, top decliners within the industry include Trimble Navigation ( TRMB), down 14.6%, CGG ( CGG), down 10.2%, Cree ( CREE), down 2.9%, Kyocera ( KYO), down 1.6% and Micron Technology ( MU), down 1.2%.

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

3. Ametek ( AME) is one of the companies pushing the Electronics industry higher today. As of noon trading, Ametek is up $0.58 (1.1%) to $53.09 on heavy volume. Thus far, 659,331 shares of Ametek exchanged hands as compared to its average daily volume of 848,900 shares. The stock has ranged in price between $52.23-$53.09 after having opened the day at $52.56 as compared to the previous trading day's close of $52.51.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group (EIG) and Electromechanical Group (EMG). Ametek has a market cap of $13.0 billion and is part of the industrial goods sector. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Ametek a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Ametek Ratings Report now.

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2. As of noon trading, Roper Industries ( ROP) is up $1.73 (1.3%) to $138.88 on light volume. Thus far, 183,881 shares of Roper Industries exchanged hands as compared to its average daily volume of 555,900 shares. The stock has ranged in price between $137.24-$139.16 after having opened the day at $137.55 as compared to the previous trading day's close of $137.15.

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 $13.8 billion and is part of the industrial goods sector. Shares are down 1.1% year-to-date as of the close of trading on Tuesday. 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, growth in earnings per share, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Roper Industries Ratings Report now.

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1. As of noon trading, Texas Instruments ( TXN) is up $0.27 (0.6%) to $45.65 on light volume. Thus far, 2.4 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 $45.08-$45.66 after having opened the day at $45.33 as compared to the previous trading day's close of $45.38.

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 $49.3 billion and is part of the technology sector. Shares are up 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who 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 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.

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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