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Semiconductor industry

Electronics Industry Mixed as Dow Jones Industrial Average Trades Up

Strategic Insights

— 2 min read

The Dow Jones Industrial Average (^DJI) was trading up 57 points (0.3%) at 17,459 as of Thursday, Aug. 13, 2015, 12:55 PM ET. The overall market sentiment was mixed, with the Electronics industry trading unchanged. Within the industry, top decliners included Applied Materials (AMAT), down 1.4%, ASML (ASML), down 1.4%, Intel (INTC), down 1.1%, and Taiwan Semiconductor Manufacturing (TSM), down 0.6%. On the other hand, top gainers included SunEdison (SUNE), up 7.7%, Semiconductor Manufacturing International C (SMI), up 4.1%, Qorvo (QRVO), up 1.7%, and Kyocera (KYO), up 1.1%.

Key Takeaways:

  • The Dow Jones Industrial Average (^DJI) was trading up 57 points (0.3%) at 17,459 as of Thursday, Aug. 13, 2015, 12:55 PM ET.
  • The Electronics industry was trading unchanged, with top decliners including Applied Materials (AMAT), down 1.4%, ASML (ASML), down 1.4%, Intel (INTC), down 1.1%, and Taiwan Semiconductor Manufacturing (TSM), down 0.6%.
  • Top gainers within the industry included SunEdison (SUNE), up 7.7%, Semiconductor Manufacturing International C (SMI), up 4.1%, Qorvo (QRVO), up 1.7%, and Kyocera (KYO), up 1.1%.
  • Three stocks pushing the Electronics industry lower included ABB (ABB), down 1.0%, Analog Devices (ADI), down 0.9%, and Micron Technology (MU), down 2.0%.
  • ABB Ltd (ABB) provides power and automation technologies for utility and industrial customers worldwide, with a market cap of $45.2 billion and is part of the industrial goods sector.
  • Analog Devices, Inc. (ADI) engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide, with a market cap of $18.6 billion and is part of the technology sector.
  • Micron Technology, Inc. (MU) manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems, with a market cap of $19.4 billion and is part of the technology sector.
  • TheStreet Ratings rates ABB, Analog Devices, and Micron Technology as buys, citing their strengths in multiple areas, including solid financial positions, reasonable valuation levels, and notable return on equity.

Statistics:

  • Dow Jones Industrial Average (^DJI) was trading up 57 points (0.3%) at 17,459 as of Thursday, Aug. 13, 2015, 12:55 PM ET.
  • Electronics industry was trading unchanged.
  • Top decliners within the industry: Applied Materials (AMAT), down 1.4%, ASML (ASML), down 1.4%, Intel (INTC), down 1.1%, and Taiwan Semiconductor Manufacturing (TSM), down 0.6%.
  • Top gainers within the industry: SunEdison (SUNE), up 7.7%, Semiconductor Manufacturing International C (SMI), up 4.1%, Qorvo (QRVO), up 1.7%, and Kyocera (KYO), up 1.1%.
  • ABB Ltd (ABB) has a market cap of $45.2 billion and is part of the industrial goods sector.
  • Analog Devices, Inc. (ADI) has a market cap of $18.6 billion and is part of the technology sector.
  • Micron Technology, Inc. (MU) has a market cap of $19.4 billion and is part of the technology sector.

Sources:

  • TheStreet
  • Dow Jones Industrial Average (^DJI)
  • ABB Ltd (ABB)
  • Analog Devices, Inc. (ADI)
  • Micron Technology, Inc. (MU)

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