3 Stocks Raising The Electronics Industry Higher

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 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include STMicroelectronics ( STM), down 1.9%, Maxim Integrated Products ( MXIM), down 1.1% and ABB ( ABB), down 0.5%.

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

3. Trimble Navigation ( TRMB) is one of the companies pushing the Electronics industry higher today. As of noon trading, Trimble Navigation is up $0.52 (1.7%) to $31.18 on average volume. Thus far, 1.1 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $30.70-$31.34 after having opened the day at $30.99 as compared to the previous trading day's close of $30.66.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $8.1 billion and is part of the technology sector. Shares are down 11.6% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Trimble Navigation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 Trimble Navigation Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.23 (1.1%) to $20.43 on average volume. Thus far, 4.7 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $20.35-$20.62 after having opened the day at $20.54 as compared to the previous trading day's close of $20.20.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $103.7 billion and is part of the technology sector. Shares are up 15.8% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins 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 Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Micron Technology ( MU) is up $0.52 (1.7%) to $31.61 on average volume. Thus far, 10.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 26.7 million shares. The stock has ranged in price between $31.05-$31.77 after having opened the day at $31.21 as compared to the previous trading day's close of $31.09.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $32.7 billion and is part of the technology sector. Shares are up 42.9% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Micron Technology a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust 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 Micron Technology 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).

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