3 Electronics Stocks Moving The Industry Upward

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,435 as of Friday, May 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,401 declining with 184 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is unchanged. Top gainers within the industry include Lam Research ( LRCX), up 4.1%, Agilent Technologies ( A), up 1.0%, Micron Technology ( MU), up 0.9% and Taiwan Semiconductor Manufacturing ( TSM), up 0.5%. On the negative front, top decliners within the industry include SolarCity ( SCTY), down 2.9%, and Eaton ( ETN), down 0.5%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Advanced Semiconductor Engineering is up $0.10 (1.7%) to $5.98 on light volume. Thus far, 183,854 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 646,700 shares. The stock has ranged in price between $5.92-$5.98 after having opened the day at $5.92 as compared to the previous trading day's close of $5.88.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. Advanced Semiconductor Engineering has a market cap of $9.1 billion and is part of the technology sector. Shares are up 22.5% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Advanced Semiconductor Engineering Ratings Report now.

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2. As of noon trading, Analog Devices ( ADI) is up $0.49 (1.0%) to $51.27 on heavy volume. Thus far, 1.6 million shares of Analog Devices exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $50.72-$51.37 after having opened the day at $50.99 as compared to the previous trading day's close of $50.78.

Analog Devices, Inc. is engaged in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $16.0 billion and is part of the technology sector. Shares are down 0.3% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Analog Devices a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Analog Devices Ratings Report now.

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1. As of noon trading, Applied Materials ( AMAT) is up $1.13 (6.0%) to $19.82 on heavy volume. Thus far, 21.7 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.2 million shares. The stock has ranged in price between $19.40-$20.29 after having opened the day at $19.40 as compared to the previous trading day's close of $18.69.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $22.9 billion and is part of the technology sector. Shares are up 5.7% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Applied Materials a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and compelling growth in net income. 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 Applied Materials 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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