3 Stocks Dragging In The Electronics Industry

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 174 points (1.0%) at 16,837 as of Monday, Aug. 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,451 issues advancing vs. 545 declining with 150 unchanged.

The Electronics industry currently sits up 1.1% versus the S&P 500, which is up 0.8%. Top gainers within the industry include Sensata Technologies Holding N.V ( ST), up 5.2%, Semiconductor Manufacturing International C ( SMI), up 4.0%, SunPower ( SPWR), up 2.5%, LG Display ( LPL), up 2.0% and Roper Industries ( ROP), up 1.5%.

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

3. Microchip Technology ( MCHP) is one of the companies pushing the Electronics industry lower today. As of noon trading, Microchip Technology is down $0.52 (-1.1%) to $46.85 on average volume. Thus far, 788,653 shares of Microchip Technology exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $46.83-$47.44 after having opened the day at $47.36 as compared to the previous trading day's close of $47.37.

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. Microchip Technology has a market cap of $9.4 billion and is part of the technology sector. Shares are up 5.2% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and good cash flow from operations. 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 Microchip Technology 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, NXP Semiconductors ( NXPI) is down $1.44 (-2.2%) to $62.45 on heavy volume. Thus far, 4.6 million shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $60.82-$62.64 after having opened the day at $62.16 as compared to the previous trading day's close of $63.89.

NXP Semiconductors N.V. provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductors has a market cap of $15.2 billion and is part of the technology sector. Shares are up 38.7% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate NXP Semiconductors a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NXP Semiconductors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full NXP Semiconductors 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, Applied Materials ( AMAT) is down $0.43 (-1.9%) to $22.05 on average volume. Thus far, 7.7 million shares of Applied Materials exchanged hands as compared to its average daily volume of 13.1 million shares. The stock has ranged in price between $21.98-$22.58 after having opened the day at $22.58 as compared to the previous trading day's close of $22.48.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $25.7 billion and is part of the technology sector. Shares are up 19.6% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Applied Materials 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

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

Amazon Shares on Record Path, Challenging Apple as World's Biggest Company

Amazon Shares on Record Path, Challenging Apple as World's Biggest Company

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI