3 Stocks Raising 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 26 points (-0.1%) at 17,879 as of Friday, June 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,219 issues advancing vs. 1,787 declining with 146 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Hanwha Q CELLS ( HQCL), up 11.0%, Avago Technologies ( AVGO), up 1.4%, NVIDIA ( NVDA), up 1.0%, Analog Devices ( ADI), up 0.8% and Applied Materials ( AMAT), up 0.7%. On the negative front, top decliners within the industry include ASM International ( ASMI), down 3.8%, ABB ( ABB), down 1.9% and Intel ( INTC), down 0.6%.

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

3. Advanced Semiconductor Engineering ( ASX) is one of the companies pushing the Electronics industry higher today. As of noon trading, Advanced Semiconductor Engineering is up $0.09 (1.4%) to $6.77 on light volume. Thus far, 546,123 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $6.74-$6.82 after having opened the day at $6.76 as compared to the previous trading day's close of $6.68.

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Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments. Advanced Semiconductor Engineering has a market cap of $10.8 billion and is part of the technology sector. Shares are up 9.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Advanced Semiconductor Engineering as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full Advanced Semiconductor Engineering Ratings Report now.

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2. As of noon trading, Atmel ( ATML) is up $0.37 (4.1%) to $9.47 on heavy volume. Thus far, 5.1 million shares of Atmel exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $8.88-$9.48 after having opened the day at $9.07 as compared to the previous trading day's close of $9.10.

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Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit products primarily in the United States, Asia, Europe, South Africa, and Central and South America. Atmel has a market cap of $3.7 billion and is part of the technology sector. Shares are up 8.4% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Atmel a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Atmel as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Atmel Ratings Report now.

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1. As of noon trading, First Solar ( FSLR) is up $1.60 (3.2%) to $51.27 on heavy volume. Thus far, 1.6 million shares of First Solar exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $49.38-$51.37 after having opened the day at $49.87 as compared to the previous trading day's close of $49.67.

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First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. First Solar has a market cap of $5.1 billion and is part of the technology sector. Shares are up 14.0% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate First Solar a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates First Solar 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 and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full First Solar 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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