3 Electronics Stocks Pushing The Industry 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.5%) at 16,791 as of Thursday, June 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,231 issues advancing vs. 1,744 declining with 167 unchanged.

The Electronics industry currently sits down 0.4% versus the S&P 500, which is down 0.4%. Top gainers within the industry include AU Optronics ( AUO), up 5.8%, SolarCity ( SCTY), up 4.0% and Semiconductor Manufacturing International C ( SMI), up 3.9%. On the negative front, top decliners within the industry include STMicroelectronics ( STM), down 2.5%, Applied Materials ( AMAT), down 1.7%, Corning ( GLW), down 1.4%, Ametek ( AME), down 1.4% and Microchip Technology ( MCHP), down 1.3%.

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 (1.5%) to $6.44 on light volume. Thus far, 273,396 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 749,500 shares. The stock has ranged in price between $6.42-$6.48 after having opened the day at $6.42 as compared to the previous trading day's close of $6.35.

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 32.3% year-to-date as of the close of trading on Wednesday. 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.

3x UPSIDE POTENTIAL: 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, Methode Electronics ( MEI) is up $4.23 (12.8%) to $37.25 on heavy volume. Thus far, 1.6 million shares of Methode Electronics exchanged hands as compared to its average daily volume of 332,200 shares. The stock has ranged in price between $34.62-$38.05 after having opened the day at $35.37 as compared to the previous trading day's close of $33.02.

Methode Electronics, Inc. engages in the design, manufacture, and marketing of components and subsystem devices worldwide. Its Automotive segment provides electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. Methode Electronics has a market cap of $1.3 billion and is part of the technology sector. Shares are down 3.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Methode Electronics a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Methode Electronics 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, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Methode Electronics Ratings Report now.

3x UPSIDE POTENTIAL: 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, Canadian Solar ( CSIQ) is up $1.30 (4.6%) to $29.81 on average volume. Thus far, 2.7 million shares of Canadian Solar exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $29.22-$30.23 after having opened the day at $29.55 as compared to the previous trading day's close of $28.51.

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar module products worldwide. The company operates in two segments, Module and Project. Canadian Solar has a market cap of $1.5 billion and is part of the technology sector. Shares are down 4.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Canadian Solar a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. Get the full Canadian Solar Ratings Report now.

3x UPSIDE POTENTIAL: 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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