3 Stocks Dragging 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 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Electronics industry currently sits up 1.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Hittite Microwave ( HITT), up 28.7%, Analog Devices ( ADI), up 5.2%, Hubbell ( HUB.B), up 3.8%, LG Display ( LPL), up 2.9% and Trimble Navigation ( TRMB), up 2.1%.

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

3. Siliconware Precision Industries ( SPIL) is one of the companies pushing the Electronics industry lower today. As of noon trading, Siliconware Precision Industries is down $0.13 (-1.5%) to $8.31 on heavy volume. Thus far, 795,807 shares of Siliconware Precision Industries exchanged hands as compared to its average daily volume of 656,900 shares. The stock has ranged in price between $8.26-$8.47 after having opened the day at $8.26 as compared to the previous trading day's close of $8.44.

Siliconware Precision Industries Co., Ltd. provides semiconductor packaging and testing services to semiconductor suppliers worldwide. Siliconware Precision Industries has a market cap of $5.2 billion and is part of the technology sector. Shares are up 41.1% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Siliconware Precision Industries a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Siliconware Precision Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, compelling growth in net income 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 Siliconware Precision Industries 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, Marvell Technology Group ( MRVL) is down $0.26 (-1.7%) to $14.95 on heavy volume. Thus far, 4.6 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $14.83-$15.21 after having opened the day at $15.07 as compared to the previous trading day's close of $15.21.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based integrated circuits. Marvell Technology Group has a market cap of $7.7 billion and is part of the technology sector. Shares are up 5.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Marvell Technology Group a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Marvell Technology Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Marvell Technology Group 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, Micron Technology ( MU) is down $0.15 (-0.5%) to $29.39 on average volume. Thus far, 11.8 million shares of Micron Technology exchanged hands as compared to its average daily volume of 28.4 million shares. The stock has ranged in price between $29.18-$29.72 after having opened the day at $29.49 as compared to the previous trading day's close of $29.54.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $31.1 billion and is part of the technology sector. Shares are up 35.8% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that 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.

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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