3 Electronics Stocks Pushing Industry Growth

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 52 points (0.3%) at 17,129 as of Tuesday, Aug. 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,998 issues advancing vs. 975 declining with 164 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Monolithic Power Systems ( MPWR), up 3.7%, LG Display ( LPL), up 1.6%, STMicroelectronics ( STM), up 1.5%, Siliconware Precision Industries ( SPIL), up 1.5% and United Microelectronics ( UMC), up 1.4%. On the negative front, top decliners within the industry include Trina Solar ( TSL), down 8.4%, and Triquint Semiconductor ( TQNT), down 2.0%.

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

3. Altera ( ALTR) is one of the companies pushing the Electronics industry higher today. As of noon trading, Altera is up $0.22 (0.6%) to $34.82 on light volume. Thus far, 509,915 shares of Altera exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $34.60-$34.86 after having opened the day at $34.70 as compared to the previous trading day's close of $34.60.

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

Altera Corporation, a semiconductor company, designs, manufactures, and sells programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.8 billion and is part of the technology sector. Shares are up 6.4% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Altera a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Altera 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, NVIDIA ( NVDA) is up $0.15 (0.8%) to $19.26 on average volume. Thus far, 2.9 million shares of NVIDIA exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $19.09-$19.30 after having opened the day at $19.16 as compared to the previous trading day's close of $19.11.

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

NVIDIA Corporation operates as a visual computing company. The company operates through two segments, GPU and Tegra Processors. NVIDIA has a market cap of $10.3 billion and is part of the technology sector. Shares are up 19.3% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate NVIDIA a buy, 4 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates NVIDIA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NVIDIA 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, Corning ( GLW) is up $0.23 (1.1%) to $20.86 on average volume. Thus far, 3.4 million shares of Corning exchanged hands as compared to its average daily volume of 7.5 million shares. The stock has ranged in price between $20.70-$21.04 after having opened the day at $20.70 as compared to the previous trading day's close of $20.63.

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

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $26.5 billion and is part of the technology sector. Shares are up 15.8% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Corning a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Corning 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning 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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