3 Electronics Stocks Moving The Industry Upward

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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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