3 Stocks Dragging The 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 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%. 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%. 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%.

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

3. Altera ( ALTR) is one of the companies pushing the Electronics industry lower today. As of noon trading, Altera is down $0.32 (-0.9%) to $35.88 on heavy volume. Thus far, 1.8 million shares of Altera exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $35.76-$36.29 after having opened the day at $36.23 as compared to the previous trading day's close of $36.20.

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 $11.2 billion and is part of the technology sector. Shares are up 11.3% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that 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, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Altera Ratings Report now.

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2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is down $0.16 (-0.7%) to $20.90 on light volume. Thus far, 3.2 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $20.75-$21.02 after having opened the day at $20.80 as compared to the previous trading day's close of $21.05.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $109.3 billion and is part of the technology sector. Shares are up 20.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, growth in earnings per share and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Texas Instruments ( TXN) is down $0.37 (-0.8%) to $47.91 on average volume. Thus far, 2.4 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $47.84-$48.42 after having opened the day at $48.42 as compared to the previous trading day's close of $48.28.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $51.8 billion and is part of the technology sector. Shares are up 9.9% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and good cash flow from operations. 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 Texas Instruments 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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