NXPI, SCTY And MU, Pushing Electronics Industry Downward

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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.

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