3 Stocks Dragging In The Electronics Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 80 points (-0.5%) at 17,033 as of Monday, Sept. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 959 issues advancing vs. 2,053 declining with 145 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include LG Display ( LPL), down 2.5%, Ametek ( AME), down 2.0% and ABB ( ABB), down 0.7%.

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

3. Avago Technologies ( AVGO) is one of the companies pushing the Electronics industry lower today. As of noon trading, Avago Technologies is down $0.88 (-1.0%) to $86.62 on light volume. Thus far, 471,685 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $86.07-$87.08 after having opened the day at $86.41 as compared to the previous trading day's close of $87.50.

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $21.9 billion and is part of the technology sector. Shares are up 65.5% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avago Technologies Ratings Report now.

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