3 Electronics Stocks Driving 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Cepheid ( CPHD), up 3.7%, Mettler-Toledo International ( MTD), up 3.2%, SunPower ( SPWR), up 2.4%, FEI ( FEIC), up 2.1% and Synopsys ( SNPS), up 1.1%. On the negative front, top decliners within the industry include SolarCity ( SCTY), down 2.1%, SunEdison ( SUNE), down 1.8%, Roper Industries ( ROP), down 1.2%, STMicroelectronics ( STM), down 0.9% and Avago Technologies ( AVGO), down 0.9%.

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

3. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Trimble Navigation is up $0.34 (1.0%) to $35.36 on heavy volume. Thus far, 1.3 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $34.47-$35.42 after having opened the day at $35.04 as compared to the previous trading day's close of $35.02.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $9.1 billion and is part of the technology sector. Shares are up 0.9% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Trimble Navigation a buy, no analysts rate it a sell, and 2 rate it a hold.

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

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2. As of noon trading, Altera ( ALTR) is up $0.27 (0.8%) to $32.42 on average volume. Thus far, 1.4 million shares of Altera exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $31.88-$32.47 after having opened the day at $32.16 as compared to the previous trading day's close of $32.15.

Altera Corporation, a semiconductor company, designs, manufactures, and sells programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.1 billion and is part of the technology sector. Shares are down 1.1% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate Altera a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Altera as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Altera Ratings Report now.

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1. As of noon trading, Xilinx ( XLNX) is up $0.28 (0.6%) to $46.74 on light volume. Thus far, 1.3 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $45.99-$46.77 after having opened the day at $46.36 as compared to the previous trading day's close of $46.46.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Xilinx has a market cap of $12.3 billion and is part of the technology sector. Shares are up 1.2% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate Xilinx a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Xilinx 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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