3 Electronics Stocks Pushing Industry Growth

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 17,609 as of Tuesday, June 30, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,652 issues advancing vs. 1,385 declining with 154 unchanged.

The Electronics industry currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the industry include LG Display ( LPL), up 2.1%, Advanced Semiconductor Engineering ( ASX), up 1.7% and Kyocera ( KYO), up 1.4%. A company within the industry that fell today was Hanwha Q CELLS ( HQCL), up 2.3%.

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

3. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.32 (1.4%) to $22.70 on average volume. Thus far, 7.2 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $22.67-$23.12 after having opened the day at $22.85 as compared to the previous trading day's close of $22.38.

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Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $122.5 billion and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Taiwan Semiconductor Manufacturing a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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2. As of noon trading, Skyworks Solutions ( SWKS) is up $0.84 (0.8%) to $102.88 on average volume. Thus far, 1.6 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $102.60-$104.25 after having opened the day at $104.13 as compared to the previous trading day's close of $102.04.

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Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $20.4 billion and is part of the technology sector. Shares are up 40.3% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Skyworks Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Skyworks Solutions 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 solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Skyworks Solutions Ratings Report now.

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1. As of noon trading, Broadcom ( BRCM) is up $0.64 (1.3%) to $51.56 on average volume. Thus far, 3.9 million shares of Broadcom exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $51.01-$51.84 after having opened the day at $51.21 as compared to the previous trading day's close of $50.92.

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Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $28.6 billion and is part of the technology sector. Shares are up 20.3% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Broadcom a buy, no analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Broadcom as a buy. 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Broadcom 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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