3 Electronics Stocks Nudging The Industry Higher

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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 16,797 as of Wednesday, June 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,611 declining with 185 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include ASML ( ASML), up 1.9%, Kyocera ( KYO), up 0.7% and Emerson Electric ( EMR), up 0.6%. On the negative front, top decliners within the industry include Micron Technology ( MU), down 1.4%, STMicroelectronics ( STM), down 1.4%, Applied Materials ( AMAT), down 0.9%, Avago Technologies ( AVGO), down 0.8% and Texas Instruments ( TXN), down 0.8%.

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 (1.6%) to $6.51 on average volume. Thus far, 463,358 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 721,400 shares. The stock has ranged in price between $6.50-$6.60 after having opened the day at $6.56 as compared to the previous trading day's close of $6.41.

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 $9.9 billion and is part of the technology sector. Shares are up 33.5% year-to-date as of the close of trading on Tuesday. 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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