3 Stocks Pulling The 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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Electronics industry currently sits up 0.7% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Applied Materials ( AMAT), up 0.7%. Top gainers within the industry include SolarCity ( SCTY), up 4.8%, Siliconware Precision Industries ( SPIL), up 2.5%, Atmel ( ATML), up 2.5%, SunPower ( SPWR), up 2.0% and STMicroelectronics ( STM), up 1.5%.

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

3. United Microelectronics ( UMC) is one of the companies pushing the Electronics industry lower today. As of noon trading, United Microelectronics is down $0.04 (-1.7%) to $2.26 on average volume. Thus far, 612,745 shares of United Microelectronics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $2.24-$2.28 after having opened the day at $2.28 as compared to the previous trading day's close of $2.30.

United Microelectronics Corporation provides semiconductor wafer foundry solutions. United Microelectronics has a market cap of $5.6 billion and is part of the technology sector. Shares are up 12.8% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate United Microelectronics a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates United Microelectronics 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 reasonable valuation levels. 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 United Microelectronics 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, LG Display ( LPL) is down $0.16 (-1.1%) to $13.86 on light volume. Thus far, 100,255 shares of LG Display exchanged hands as compared to its average daily volume of 482,000 shares. The stock has ranged in price between $13.82-$13.88 after having opened the day at $13.88 as compared to the previous trading day's close of $14.01.

LG Display Co., Ltd. manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG Display has a market cap of $9.9 billion and is part of the technology sector. Shares are up 15.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate LG Display a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates LG Display as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full LG Display 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.11 (-0.5%) to $20.75 on light volume. Thus far, 2.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $20.69-$20.85 after having opened the day at $20.85 as compared to the previous trading day's close of $20.86.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $108.3 billion and is part of the technology sector. Shares are up 19.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing 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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