3 Stocks Improving Performance Of The Electronics Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 59 points (0.3%) at 18,083 as of Monday, May 4, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 1,077 declining with 158 unchanged.

The Electronics industry currently sits up 0.5% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include United Microelectronics ( UMC), down 2.9%, Advanced Semiconductor Engineering ( ASX), down 1.4% and Micron Technology ( MU), down 1.3%.

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

3. ON Semiconductor ( ON) is one of the companies pushing the Electronics industry higher today. As of noon trading, ON Semiconductor is up $0.77 (6.5%) to $12.58 on heavy volume. Thus far, 5.6 million shares of ON Semiconductor exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $12.42-$13.12 after having opened the day at $12.64 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 16.6% year-to-date as of the close of trading on Friday. 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, TE Connectivity ( TEL) is up $0.92 (1.4%) to $68.99 on average volume. Thus far, 732,702 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $68.07-$69.06 after having opened the day at $68.08 as compared to the previous trading day's close of $68.07.

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TE Connectivity Ltd., together with its subsidiaries, designs and manufactures connectivity and sensors solutions. It operates through four segments: Transportation Solutions, Industrial Solutions, Network Solutions, and Consumer Solutions. TE Connectivity has a market cap of $27.1 billion and is part of the technology sector. Shares are up 7.6% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate TE Connectivity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, expanding profit margins and solid stock price performance. 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 TE Connectivity Ratings Report now.

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1. As of noon trading, Broadcom ( BRCM) is up $0.46 (1.0%) to $45.50 on average volume. Thus far, 2.4 million shares of Broadcom exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $44.89-$45.62 after having opened the day at $45.13 as compared to the previous trading day's close of $45.04.

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Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $24.3 billion and is part of the technology sector. Shares are up 3.9% year-to-date as of the close of trading on Friday. Currently there are 21 analysts who rate Broadcom a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Broadcom 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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