3 Stocks Pushing The Electronics Industry Lower

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 lower today:

3. Analog Devices ( ADI) is one of the companies pushing the Electronics industry lower today. As of noon trading, Analog Devices is down $0.33 (-0.7%) to $49.68 on light volume. Thus far, 536,788 shares of Analog Devices exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $49.38-$50.11 after having opened the day at $50.00 as compared to the previous trading day's close of $50.01.

Analog Devices, Inc. is engaged in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $15.6 billion and is part of the technology sector. Shares are down 1.8% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Analog Devices 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, Lam Research ( LRCX) is down $0.56 (-0.8%) to $69.43 on average volume. Thus far, 775,838 shares of Lam Research exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $69.17-$70.58 after having opened the day at $69.85 as compared to the previous trading day's close of $69.99.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers plasma etch products that remove materials from the wafer to create the features and patterns of a device. Lam Research has a market cap of $11.3 billion and is part of the technology sector. Shares are up 28.5% year-to-date as of the close of trading on Friday. Currently there are 14 analysts that rate Lam Research a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Lam Research 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Lam Research 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 $0.36 (-0.9%) to $37.83 on light volume. Thus far, 2.7 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 $37.50-$38.18 after having opened the day at $38.15 as compared to the previous trading day's close of $38.19.

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 $20.7 billion and is part of the technology sector. Shares are up 28.8% year-to-date as of the close of trading on Friday. Currently there are 22 analysts that rate Broadcom a buy, 1 analyst rates it a sell, and 7 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, solid stock price performance 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).

null

More from Markets

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists