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 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Electronics industry currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Micron Technology ( MU), up 2.7%, SunEdison ( SUNE), up 2.0%, NXP Semiconductors ( NXPI), up 1.7%, Eaton ( ETN), up 1.4% and Corning ( GLW), up 1.1%. On the negative front, top decliners within the industry include Kyocera ( KYO), down 0.9%, and ABB ( ABB), down 0.5%.

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

3. International Rectifier ( IRF) is one of the companies pushing the Electronics industry higher today. As of noon trading, International Rectifier is up $12.58 (47.4%) to $39.14 on heavy volume. Thus far, 7.2 million shares of International Rectifier exchanged hands as compared to its average daily volume of 450,400 shares. The stock has ranged in price between $26.37-$39.50 after having opened the day at $26.56 as compared to the previous trading day's close of $26.56.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

International Rectifier Corporation designs, manufactures, and markets power management semiconductors worldwide. The company operates through six segments: Power Management Devices, Energy Saving Products, Automotive Products, Enterprise Power, HiRel, and Intellectual Property. International Rectifier has a market cap of $1.9 billion and is part of the technology sector. Shares are up 1.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate International Rectifier a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates International Rectifier 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, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full International Rectifier 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, Garmin ( GRMN) is up $1.04 (1.9%) to $57.15 on average volume. Thus far, 635,339 shares of Garmin exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $56.25-$57.85 after having opened the day at $56.25 as compared to the previous trading day's close of $56.11.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $10.8 billion and is part of the technology sector. Shares are up 21.5% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Garmin a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin 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, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Garmin 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, Avago Technologies ( AVGO) is up $0.53 (0.7%) to $76.15 on light volume. Thus far, 524,957 shares of Avago Technologies exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $75.64-$76.16 after having opened the day at $75.67 as compared to the previous trading day's close of $75.62.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $19.0 billion and is part of the technology sector. Shares are up 43.0% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who 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, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. 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.

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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