3 Electronics Stocks Driving The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 76 points (-0.4%) at 18,051 as of Friday, May 29, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,058 issues advancing vs. 1,892 declining with 171 unchanged.

The Electronics industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Altera ( ALTR), up 4.6%, Intel ( INTC), up 1.4% and Broadcom ( BRCM), up 1.2%. On the negative front, top decliners within the industry include Agilent Technologies ( A), down 1.3%, and ASML ( ASML), down 1.2%.

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

3. Avago Technologies ( AVGO) is one of the companies pushing the Electronics industry higher today. As of noon trading, Avago Technologies is up $4.73 (3.3%) to $147.11 on heavy volume. Thus far, 7.2 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $144.11-$148.14 after having opened the day at $144.12 as compared to the previous trading day's close of $142.38.

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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $36.3 billion and is part of the technology sector. Shares are up 41.5% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts who rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Avago Technologies Ratings Report now.

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