Today's Top Performers In Electronics

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 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the industry include SunEdison ( SUNE), up 3.3%, SolarCity ( SCTY), up 2.3%, SunPower ( SPWR), up 2.2%, Applied Materials ( AMAT), up 1.9% and STMicroelectronics ( STM), up 1.7%. On the negative front, top decliners within the industry include Siliconware Precision Industries ( SPIL), down 7.1%, Advanced Semiconductor Engineering ( ASX), down 3.1%, Micron Technology ( MU), down 2.0% and LG Display ( LPL), down 1.8%.

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

3. NXP Semiconductors ( NXPI) is one of the companies pushing the Electronics industry higher today. As of noon trading, NXP Semiconductors is up $0.69 (1.1%) to $66.36 on light volume. Thus far, 871,781 shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $65.76-$66.75 after having opened the day at $66.19 as compared to the previous trading day's close of $65.67.

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 $16.2 billion and is part of the technology sector. Shares are up 43.0% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who 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.

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, Texas Instruments ( TXN) is up $0.30 (0.6%) to $49.14 on light volume. Thus far, 1.5 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $48.83-$49.24 after having opened the day at $49.06 as compared to the previous trading day's close of $48.85.

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 $52.8 billion and is part of the technology sector. Shares are up 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Texas Instruments a buy, 3 analysts rate it a sell, and 14 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.

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, Broadcom ( BRCM) is up $0.54 (1.4%) to $38.16 on average volume. Thus far, 3.5 million shares of Broadcom exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $37.75-$38.28 after having opened the day at $38.00 as compared to the previous trading day's close of $37.62.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $20.1 billion and is part of the technology sector. Shares are up 26.9% year-to-date as of the close of trading on Tuesday. Currently there are 21 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Broadcom 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).

null

More from Markets

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings