3 Technology Stocks Driving The Sector 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 16 points (0.1%) at 16,738 as of Wednesday, June 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,399 issues advancing vs. 1,611 declining with 145 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include VimpelCom ( VIP), up 4.7%, Telecom Italia SpA ( TI.A), up 2.3%, Broadcom ( BRCM), up 2.3%, Telecom Italia SpA ( TI), up 2.3% and Applied Materials ( AMAT), up 1.3%. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.6%, Sap ( SAP), down 1.2%, Infosys ( INFY), down 1.1%, China Telecom ( CHA), down 1.0% and America Movil SAB de CV ( AMOV), down 0.9%.

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

3. Micron Technology ( MU) is one of the companies pushing the Technology sector higher today. As of noon trading, Micron Technology is up $0.30 (1.0%) to $28.97 on light volume. Thus far, 6.6 million shares of Micron Technology exchanged hands as compared to its average daily volume of 29.0 million shares. The stock has ranged in price between $28.47-$28.97 after having opened the day at $28.58 as compared to the previous trading day's close of $28.67.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $30.7 billion and is part of the electronics industry. Shares are up 31.8% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Micron Technology a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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 Micron Technology Ratings Report now.

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