3 Electronics Stocks Moving The Industry Upward

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 0 points (0.0%) at 18,120 as of Tuesday, June 23, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,606 issues advancing vs. 1,375 declining with 175 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the industry include Semiconductor Manufacturing International C ( SMI), up 3.0%, and Kyocera ( KYO), up 2.4%. On the negative front, top decliners within the industry include LG Display ( LPL), down 4.3%, Qorvo ( QRVO), down 3.0%, NVIDIA ( NVDA), down 2.8%, Advanced Semiconductor Engineering ( ASX), down 1.4% and KLA-Tencor ( KLAC), down 1.6%.

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

3. STMicroelectronics ( STM) is one of the companies pushing the Electronics industry higher today. As of noon trading, STMicroelectronics is up $0.11 (1.4%) to $8.41 on average volume. Thus far, 493,823 shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $8.40-$8.50 after having opened the day at $8.46 as compared to the previous trading day's close of $8.30.

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STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. STMicroelectronics has a market cap of $7.0 billion and is part of the technology sector. Shares are up 11.1% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates STMicroelectronics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full STMicroelectronics Ratings Report now.

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2. As of noon trading, Ambarella ( AMBA) is up $6.50 (6.9%) to $100.86 on heavy volume. Thus far, 9.5 million shares of Ambarella exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $98.20-$104.36 after having opened the day at $98.29 as compared to the previous trading day's close of $94.36.

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Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. Ambarella has a market cap of $3.7 billion and is part of the technology sector. Shares are up 86.0% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Ambarella a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Ambarella as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Ambarella Ratings Report now.

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1. As of noon trading, SunEdison ( SUNE) is up $0.32 (1.0%) to $31.52 on average volume. Thus far, 3.7 million shares of SunEdison exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $31.35-$32.08 after having opened the day at $31.44 as compared to the previous trading day's close of $31.20.

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SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. SunEdison has a market cap of $8.6 billion and is part of the technology sector. Shares are up 59.9% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate SunEdison a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates SunEdison as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. Get the full SunEdison 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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