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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 263 points (1.5%) at 18,187 as of Friday, May 8, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,517 issues advancing vs. 522 declining with 92 unchanged.

The Electronics industry currently sits up 0.4% versus the S&P 500, which is up 1.3%. Top gainers within the industry include Universal Display ( OLED), up 12.8%, NXP Semiconductors ( NXPI), up 2.8%, ABB ( ABB), up 2.6%, Amphenol ( APH), up 1.5% and Kyocera ( KYO), up 1.3%. A company within the industry that fell today was United Microelectronics ( UMC), up 2.6%.

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

3. Freescale Semiconductor ( FSL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Freescale Semiconductor is up $1.06 (2.6%) to $41.79 on light volume. Thus far, 830,412 shares of Freescale Semiconductor exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $40.89-$42.23 after having opened the day at $40.94 as compared to the previous trading day's close of $40.73.

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Freescale Semiconductor, Ltd. provides embedded processors worldwide. Freescale Semiconductor has a market cap of $12.3 billion and is part of the technology sector. Shares are up 58.1% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Freescale Semiconductor a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Freescale Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Freescale Semiconductor Ratings Report now.

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2. As of noon trading, Analog Devices ( ADI) is up $0.90 (1.4%) to $62.94 on average volume. Thus far, 894,530 shares of Analog Devices exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $62.40-$63.44 after having opened the day at $62.75 as compared to the previous trading day's close of $62.04.

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Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $19.2 billion and is part of the technology sector. Shares are up 11.0% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Analog Devices a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Analog Devices 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, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Analog Devices Ratings Report now.

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1. As of noon trading, Applied Materials ( AMAT) is up $0.20 (1.0%) to $19.76 on light volume. Thus far, 7.5 million shares of Applied Materials exchanged hands as compared to its average daily volume of 21.5 million shares. The stock has ranged in price between $19.65-$19.85 after having opened the day at $19.78 as compared to the previous trading day's close of $19.56.

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Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $23.9 billion and is part of the technology sector. Shares are down 22.0% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Applied Materials a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Applied Materials 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 reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Applied Materials 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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