NXPI, SCTY And MU, Pushing Electronics Industry Downward

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%. On the negative front, top decliners within the industry include Trina Solar ( TSL), down 8.4%, and Triquint Semiconductor ( TQNT), down 2.0%. 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%.

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

3. NXP Semiconductors ( NXPI) is one of the companies pushing the Electronics industry lower today. As of noon trading, NXP Semiconductors is down $0.59 (-0.9%) to $64.95 on average volume. Thus far, 1.2 million shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $64.90-$65.89 after having opened the day at $65.56 as compared to the previous trading day's close of $65.54.

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 $15.6 billion and is part of the technology sector. Shares are up 42.7% year-to-date as of the close of trading on Monday. Currently there are 12 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.

2. As of noon trading, SolarCity ( SCTY) is down $0.74 (-1.0%) to $70.65 on light volume. Thus far, 1.8 million shares of SolarCity exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $69.60-$71.32 after having opened the day at $71.32 as compared to the previous trading day's close of $71.39.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $6.6 billion and is part of the technology sector. Shares are up 25.6% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate SolarCity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, weak operating cash flow and feeble growth in its earnings per share. Get the full SolarCity 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, Micron Technology ( MU) is down $0.35 (-1.0%) to $32.86 on light volume. Thus far, 9.8 million shares of Micron Technology exchanged hands as compared to its average daily volume of 26.3 million shares. The stock has ranged in price between $32.51-$33.43 after having opened the day at $33.27 as compared to the previous trading day's close of $33.21.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $35.6 billion and is part of the technology sector. Shares are up 52.7% year-to-date as of the close of trading on Monday. Currently there are 16 analysts that 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.

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

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Tesla Jumps on Model 3 Expansion Hopes, China Trade Truce

Tesla Jumps on Model 3 Expansion Hopes, China Trade Truce

Apple Gains as U.S. China Trade Tensions Ease After Weekend Summit

Apple Gains as U.S. China Trade Tensions Ease After Weekend Summit

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO