MCHP, NVDA And NXPI, Pushing Electronics Industry Downward

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%. 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%. 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%.

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

3. Microchip Technology ( MCHP) is one of the companies pushing the Electronics industry lower today. As of noon trading, Microchip Technology is down $0.40 (-0.8%) to $46.68 on average volume. Thus far, 731,444 shares of Microchip Technology exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $46.40-$47.20 after having opened the day at $47.14 as compared to the previous trading day's close of $47.08.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. Microchip Technology has a market cap of $9.3 billion and is part of the technology sector. Shares are up 5.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 3 rate it a hold.

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

2. As of noon trading, NVIDIA ( NVDA) is down $0.46 (-2.5%) to $18.04 on heavy volume. Thus far, 8.3 million shares of NVIDIA exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $17.71-$18.06 after having opened the day at $17.94 as compared to the previous trading day's close of $18.50.

NVIDIA Corporation operates as a visual computing company. The company operates through two segments, GPU and Tegra Processors. NVIDIA has a market cap of $10.2 billion and is part of the technology sector. Shares are up 15.5% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts that rate NVIDIA a buy, 3 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates NVIDIA 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full NVIDIA 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.

1. As of noon trading, NXP Semiconductors ( NXPI) is down $0.74 (-1.2%) to $59.97 on light volume. Thus far, 892,278 shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $59.36-$60.66 after having opened the day at $60.39 as compared to the previous trading day's close of $60.71.

NXP Semiconductors N.V. provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductors has a market cap of $14.5 billion and is part of the technology sector. Shares are up 32.2% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate NXP Semiconductors a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NXP Semiconductors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full NXP Semiconductors 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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