3 Electronics Stocks Pushing The 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 22 points (0.1%) at 17,036 as of Wednesday, Sept. 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,316 issues advancing vs. 1,661 declining with 150 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the industry include SunEdison ( SUNE), up 1.7%, Broadcom ( BRCM), up 1.1%, Kyocera ( KYO), up 0.9% and TE Connectivity ( TEL), up 0.7%. On the negative front, top decliners within the industry include Amkor Technology ( AMKR), down 4.0%, United Microelectronics ( UMC), down 2.7%, STMicroelectronics ( STM), down 1.2% and ABB ( ABB), down 0.8%.

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

3. Garmin ( GRMN) is one of the companies pushing the Electronics industry higher today. As of noon trading, Garmin is up $2.08 (4.0%) to $53.79 on heavy volume. Thus far, 2.7 million shares of Garmin exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $51.90-$53.88 after having opened the day at $51.90 as compared to the previous trading day's close of $51.71.

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 $10.3 billion and is part of the technology sector. Shares are up 11.9% 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 6 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, expanding profit margins and increase in net income. 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.

2. As of noon trading, Lam Research ( LRCX) is up $0.52 (0.7%) to $72.33 on average volume. Thus far, 836,013 shares of Lam Research exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $71.42-$73.00 after having opened the day at $71.70 as compared to the previous trading day's close of $71.81.

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

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. Lam Research has a market cap of $11.7 billion and is part of the technology sector. Shares are up 31.9% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Lam Research a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Lam Research as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Lam Research 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, NXP Semiconductors ( NXPI) is up $0.41 (0.6%) to $70.43 on average volume. Thus far, 1.5 million shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $69.59-$70.93 after having opened the day at $70.89 as compared to the previous trading day's close of $70.02.

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

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 $17.0 billion and is part of the technology sector. Shares are up 52.5% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who 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.

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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