People watch stocks for different reasons -- they're waiting for a dip in price, watching for a specific catalyst, gathering all the news and information that might affect stocks they already own, or considering a sell. Regardless of their motivation, we can better understand market sentiment by seeing who's watching what. With the Fool's free My Watchlist service, we have tens of thousands of people telling us the businesses that have, for whatever reason, piqued their interest.

The most-watched electronics stock is ...
Looking at the aggregate data, we see that Dolby (NYSE: DLB) is above the rest in terms of watch interest, the percentage of people keeping an eye on electronics stocks in general who are specifically watching each company. And for good reason. As CAPS All-Star haoluoluo wrote last week:

Dominant industry position;
Favorable trends of digital content replacing analog and adoption of HD and 3-D content
Strong cash flow; extremely high margin;
Clean balance sheet with 1B cash/investments with no debt;
Valuation at the low end of historical range and at 52 week low.

Here are the rest of the top fifteen most-watched companies in the industry with their watch interest along with the stocks' CAPS rating to show the sentiment of our investing community.

 

Company

Market Cap (millions)

CAPS Rating

Watch Interest

1

Dolby Laboratories (NYSE: DLB)

$5,441

 *****

34.4%

2

Cognex

$1,153

 *

28.1%

3

TTM Technologies (Nasdaq: TTMI)

$1,398

 ***

9.3%

4

Corning (NYSE: GLW)

$33,586

 *****

6.4%

5

IPG Photonics

$2,803

 ****

2.5%

6

Universal Display (Nasdaq: PANL)

$2,328

 ****

1.4%

7

Power-One (Nasdaq: PWER)

$899

 ****

1.4%

8

China Security & Surveillance Technology (NYSE: CSR)

$422

 ****

0.7%

9

Microvision (Nasdaq: MVIS)

$136

 ***

0.6%

10

Jabil Circuit

$4,658

 ****

0.6%

11

Rofin-Sinar Technologies

$1,112

 *****

0.5%

12

Flextronics International

$5,540

 ****

0.5%

13

Itron

$2,151

 ****

0.4%

14

TE Connectivity

$15,267

 ****

0.4%

15

Flir Systems

$5,111

 *****

0.3%

Source: Motley Fool, Motley Fool CAPS.

Whether you're keeping an eye on the industry stalwarts like Dolby or are watching an up-and-comer like Microvision, it pays to watch. We can help you keep tabs on your companies with My Watchlist, our free, personalized stock tracking service. Click here to start now.

Dan Dzombak 's musings and articles he finds interesting can be found on his Twitter account: @DanDzombak.