3 Stocks Pulling 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 7 points (0.0%) at 17,094 as of Thursday, July 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,609 issues advancing vs. 1,334 declining with 169 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include ASM International ( ASMI), down 4.7%, Intel ( INTC), down 0.7% and Texas Instruments ( TXN), down 0.6%. Top gainers within the industry include Kyocera ( KYO), up 1.5%, Amphenol Corp Class A ( APH), up 1.1% and ABB ( ABB), up 0.9%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry lower today. As of noon trading, Advanced Semiconductor Engineering is down $0.36 (-5.5%) to $6.22 on heavy volume. Thus far, 1.7 million shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 742,700 shares. The stock has ranged in price between $6.19-$6.41 after having opened the day at $6.41 as compared to the previous trading day's close of $6.58.

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 $10.3 billion and is part of the technology sector. Shares are up 37.1% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that 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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