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The Technology sector as a whole closed the day up 0.9% versus the S&P 500, which was unchanged. Laggards within the Technology sector included TSR ( TSRI), down 3.8%, Qualstar ( QBAK), down 3.6%, LookSmart ( LOOK), down 1.9%, Video Display ( VIDE), down 1.8% and GRAVITY ( GRVY), down 3.3%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Siliconware Precision Industries ( SPIL) is one of the companies that pushed the Technology sector lower today. Siliconware Precision Industries was down $0.14 (1.7%) to $8.30 on heavy volume. Throughout the day, 1,069,319 shares of Siliconware Precision Industries exchanged hands as compared to its average daily volume of 656,900 shares. The stock 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 electronics industry. Shares are up 41.1% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Siliconware Precision Industries a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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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.

Highlights from TheStreet Ratings analysis on SPIL go as follows:

  • The revenue growth came in higher than the industry average of 3.2%. Since the same quarter one year prior, revenues rose by 27.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 650.00% and other important driving factors, this stock has surged by 45.50% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SPIL should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 801.4% when compared to the same quarter one year prior, rising from -$9.79 million to $68.67 million.
  • Net operating cash flow has slightly increased to $162.99 million or 4.20% when compared to the same quarter last year. In addition, SILICONWARE PRECISION INDS has also modestly surpassed the industry average cash flow growth rate of 3.91%.

You can view the full analysis from the report here: Siliconware Precision Industries Ratings Report

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At the close, LookSmart ( LOOK) was down $0.03 (1.9%) to $1.75 on light volume. Throughout the day, 460 shares of LookSmart exchanged hands as compared to its average daily volume of 7,800 shares. The stock ranged in price between $1.70-$1.75 after having opened the day at $1.70 as compared to the previous trading day's close of $1.78.

LookSmart, Ltd. provides search and display advertising network solutions in the United States, Europe, the Middle East, and Africa. LookSmart has a market cap of $10.3 million and is part of the electronics industry. Shares are down 12.9% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates LookSmart as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on LOOK go as follows:

  • LOOK has underperformed the S&P 500 Index, declining 16.21% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Internet Software & Services industry and the overall market, LOOKSMART LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • LOOK, with its very weak revenue results, has greatly underperformed against the industry average of 21.2%. Since the same quarter one year prior, revenues plummeted by 64.4%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has slightly increased to -$1.26 million or 6.52% when compared to the same quarter last year. Despite an increase in cash flow, LOOKSMART LTD's cash flow growth rate is still lower than the industry average growth rate of 23.19%.
  • The gross profit margin for LOOKSMART LTD is rather high; currently it is at 55.73%. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of -129.71% is in-line with the industry average.

You can view the full analysis from the report here: LookSmart Ratings Report

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Qualstar ( QBAK) was another company that pushed the Technology sector lower today. Qualstar was down $0.05 (3.6%) to $1.21 on light volume. Throughout the day, 250 shares of Qualstar exchanged hands as compared to its average daily volume of 10,500 shares. The stock ranged in price between $1.21-$1.21 after having opened the day at $1.21 as compared to the previous trading day's close of $1.26.

Qualstar Corporation designs, develops, manufactures, and sells power supplies and data storage systems worldwide. The company operates in two segments, Power Supplies and Tape Libraries. Qualstar has a market cap of $16.3 million and is part of the electronics industry. Shares are up 11.5% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Qualstar as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on QBAK go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Computers & Peripherals industry and the overall market, QUALSTAR CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$2.61 million or 191.49% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • In its most recent trading session, QBAK has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • QUALSTAR CORP has improved earnings per share by 33.3% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, QUALSTAR CORP reported poor results of -$0.85 versus -$0.35 in the prior year.
  • QBAK, with its decline in revenue, underperformed when compared the industry average of 4.3%. Since the same quarter one year prior, revenues fell by 24.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

You can view the full analysis from the report here: Qualstar Ratings Report

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