3 Stocks Boosting 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 51 points (-0.3%) at 18,140 as of Monday, May 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,286 issues advancing vs. 1,726 declining with 119 unchanged.

The Electronics industry currently sits up 0.5% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Canadian Solar ( CSIQ), up 6.0%, Advanced Semiconductor Engineering ( ASX), up 1.6%, Garmin ( GRMN), up 1.5%, Maxim Integrated Products ( MXIM), up 1.3% and Applied Materials ( AMAT), up 0.9%.

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

3. Lam Research ( LRCX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Lam Research is up $1.09 (1.4%) to $78.11 on average volume. Thus far, 997,072 shares of Lam Research exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $76.71-$78.79 after having opened the day at $77.18 as compared to the previous trading day's close of $77.02.

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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 $11.9 billion and is part of the technology sector. Shares are down 2.9% year-to-date as of the close of trading on Friday. 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, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Lam Research Ratings Report now.

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