3 Stocks Pulling The 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 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.

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 $1.14 (-1.6%) to $72.49 on light volume. Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $72.27-$73.89 after having opened the day at $73.70 as compared to the previous trading day's close of $73.63.

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 $18.5 billion and is part of the technology sector. Shares are up 39.2% 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, Broadcom ( BRCM) is down $0.41 (-1.1%) to $37.74 on light volume. Thus far, 2.9 million shares of Broadcom exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $37.72-$38.44 after having opened the day at $38.26 as compared to the previous trading day's close of $38.15.

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 $20.5 billion and is part of the technology sector. Shares are up 28.7% year-to-date as of the close of trading on Wednesday. Currently there are 22 analysts that rate Broadcom a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Broadcom as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Broadcom 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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