NXPI, AVGO And TXN, Pushing 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 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%. On the negative front, top decliners within the industry include STMicroelectronics ( STM), down 2.4%, Applied Materials ( AMAT), down 1.7%, Corning ( GLW), down 1.4%, Ametek ( AME), down 1.3% and Microchip Technology ( MCHP), down 1.2%. Top gainers within the industry include AU Optronics ( AUO), up 5.5%, SolarCity ( SCTY), up 3.7% and Semiconductor Manufacturing International C ( SMI), up 3.5%.

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

3. NXP Semiconductors ( NXPI) is one of the companies pushing the Electronics industry lower today. As of noon trading, NXP Semiconductors is down $0.85 (-1.3%) to $63.73 on light volume. Thus far, 867,668 shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $62.92-$64.67 after having opened the day at $64.67 as compared to the previous trading day's close of $64.58.

NXP Semiconductors N.V. provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductors has a market cap of $15.6 billion and is part of the technology sector. Shares are up 40.6% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate NXP Semiconductors a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NXP Semiconductors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full NXP Semiconductors 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, Avago Technologies ( AVGO) is down $0.72 (-1.0%) to $70.92 on light volume. Thus far, 423,686 shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $70.38-$71.87 after having opened the day at $71.72 as compared to the previous trading day's close of $71.63.

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $17.8 billion and is part of the technology sector. Shares are up 35.5% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and increase 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 Avago Technologies 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, Texas Instruments ( TXN) is down $0.39 (-0.8%) to $47.65 on light volume. Thus far, 1.6 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $47.38-$48.05 after having opened the day at $48.04 as compared to the previous trading day's close of $48.04.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $51.5 billion and is part of the technology sector. Shares are up 9.4% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its 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 Texas Instruments 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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