3 Electronics Stocks Moving The Industry Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 17,094 as of Thursday, Aug. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,204 issues advancing vs. 1,745 declining with 194 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include CSR ( CSRE), up 34.8%, NXP Semiconductors ( NXPI), up 1.6%, Corning ( GLW), up 0.8% and Texas Instruments ( TXN), up 0.7%. On the negative front, top decliners within the industry include Advanced Semiconductor Engineering ( ASX), down 1.9%, Garmin ( GRMN), down 1.2%, Kyocera ( KYO), down 0.9% and Micron Technology ( MU), down 0.7%.

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

3. Maxim Integrated Products ( MXIM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Maxim Integrated Products is up $0.27 (0.9%) to $31.12 on light volume. Thus far, 780,621 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $30.67-$31.15 after having opened the day at $30.67 as compared to the previous trading day's close of $30.85.

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Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.8 billion and is part of the technology sector. Shares are up 10.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Maxim Integrated Products a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Maxim Integrated Products 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.

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