3 Stocks Pushing The Technology Sector 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 17,085 as of Tuesday, Sept. 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,160 issues advancing vs. 1,849 declining with 136 unchanged.

The Technology sector currently sits down 0.6% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include TE Connectivity ( TEL), down 4.2%, LG Display ( LPL), down 3.7%, NTT DoCoMo ( DCM), down 1.9%, Kyocera ( KYO), down 1.7% and Telecom Italia SpA ( TI), down 1.6%. Top gainers within the sector include eBay ( EBAY), up 7.3%, Cognizant Technology Solutions ( CTSH), up 1.5%, Hewlett-Packard ( HPQ), up 1.1%, America Movil SAB de CV ( AMX), up 1.0% and Cisco Systems ( CSCO), up 0.9%.

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

3. NXP Semiconductors ( NXPI) is one of the companies pushing the Technology sector lower today. As of noon trading, NXP Semiconductors is down $2.10 (-3.0%) to $68.18 on average volume. Thus far, 2.1 million shares of NXP Semiconductors exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $68.09-$70.28 after having opened the day at $70.21 as compared to the previous trading day's close of $70.28.

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 electronics industry. Shares are up 53.0% 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.

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, Qihoo 360 Technology ( QIHU) is down $3.83 (-5.4%) to $66.79 on heavy volume. Thus far, 3.4 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $66.43-$70.83 after having opened the day at $70.57 as compared to the previous trading day's close of $70.62.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products and services in the People's Republic of China. Qihoo 360 Technology has a market cap of $9.1 billion and is part of the computer software & services industry. Shares are down 13.9% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, notable return on equity, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Qihoo 360 Technology 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, Texas Instruments ( TXN) is down $0.52 (-1.1%) to $47.74 on average volume. Thus far, 2.7 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $47.62-$48.53 after having opened the day at $48.20 as compared to the previous trading day's close of $48.26.

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 $51.6 billion and is part of the electronics industry. Shares are up 9.9% year-to-date as of the close of trading on Monday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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 technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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