3 Stocks Pushing The Electronics 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 17,966 as of Tuesday, April 21, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,566 issues advancing vs. 1,391 declining with 190 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the industry include Rambus ( RMBS), up 11.8%, Semiconductor Manufacturing International C ( SMI), up 4.5%, STMicroelectronics ( STM), up 4.2%, Advanced Semiconductor Engineering ( ASX), up 2.6% and Kyocera ( KYO), up 2.1%. On the negative front, top decliners within the industry include Intel ( INTC), down 1.1%, and Emerson Electric ( EMR), down 1.1%.

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

3. ON Semiconductor ( ONNN) is one of the companies pushing the Electronics industry higher today. As of noon trading, ON Semiconductor is up $0.40 (3.3%) to $12.20 on light volume. Thus far, 2.4 million shares of ON Semiconductor exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $11.76-$12.22 after having opened the day at $11.88 as compared to the previous trading day's close of $11.81.

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ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. ON Semiconductor has a market cap of $5.0 billion and is part of the technology sector. Shares are up 15.5% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate ON Semiconductor a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ON Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 ON Semiconductor Ratings Report now.

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2. As of noon trading, ASML ( ASML) is up $1.25 (1.3%) to $97.33 on heavy volume. Thus far, 1.5 million shares of ASML exchanged hands as compared to its average daily volume of 986,700 shares. The stock has ranged in price between $97.09-$98.74 after having opened the day at $98.17 as compared to the previous trading day's close of $96.08.

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ASML Holding N.V. engages in the development, production, marketing, sale, and servicing of advanced semiconductor equipment systems with a focus on lithography related systems worldwide. ASML has a market cap of $40.9 billion and is part of the technology sector. Shares are down 10.9% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate ASML a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity 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 ASML Ratings Report now.

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1. As of noon trading, Lam Research ( LRCX) is up $5.12 (7.1%) to $77.12 on heavy volume. Thus far, 7.0 million shares of Lam Research exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $76.49-$81.65 after having opened the day at $80.89 as compared to the previous trading day's close of $71.99.

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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 $11.3 billion and is part of the technology sector. Shares are down 9.3% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Lam Research a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lam Research 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 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.

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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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