3 Stocks Dragging The Electronics Industry Downward

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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%. 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%. 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%.

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

3. ASML ( ASML) is one of the companies pushing the Electronics industry lower today. As of noon trading, ASML is down $0.94 (-1.0%) to $93.70 on average volume. Thus far, 353,911 shares of ASML exchanged hands as compared to its average daily volume of 909,000 shares. The stock has ranged in price between $93.47-$93.85 after having opened the day at $93.69 as compared to the previous trading day's close of $94.64.

ASML Holding N.V. designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of intercircuits worldwide. ASML has a market cap of $42.4 billion and is part of the technology sector. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate ASML a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML 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, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full ASML Ratings Report now.

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