Taiwan Semiconductor Manufacturing (TSM): Today's Featured Technology Loser

Taiwan Semiconductor Manufacturing (TSM) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 1.5%. By the end of trading, Taiwan Semiconductor Manufacturing fell 26 cents (-1.7%) to $15.44 on average volume. Throughout the day, 9.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 8.4 million shares. The stock ranged in price between $15.44-$15.72 after having opened the day at $15.70 as compared to the previous trading day's close of $15.70. Other company's within the Technology sector that declined today were: InvenSense (INVN), down 22.9%, Analysts International (ANLY), down 15%, Hoku (HOKU), down 14.5%, and Mantech International (MANT), down 13.9%.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided designing, manufacturing, packaging, testing, and selling integrated circuits and other semiconductor devices; and manufacturing masks. Taiwan Semiconductor Manufacturing has a market cap of $83.47 billion and is part of the electronics industry. The company has a P/E ratio of 18.7, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 21.6% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Taiwan Semiconductor Ratings Report.

On the positive front, ClearSign Combustion (CLIR), up 24%, DigitalGlobe (DGI), up 21.6%, PDF Solutions (PDFS), up 18.3%, and Dolby Laboratories (DLB), up 17.5%, were all gainers within the technology sector with Nielsen Holdings (NLSN) being today's featured technology sector winner.

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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

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For more information on Taiwan Semiconductor Manufacturing Co Ltd click any of the following:

• Taiwan Semiconductor Manufacturing Co Ltd Stock Price

• Taiwan Semiconductor Manufacturing Co Ltd Analyst Ratings

• Taiwan Semiconductor Manufacturing Co Ltd Key Stats & Profile

• Taiwan Semiconductor Manufacturing Co Ltd Earnings

• Taiwan Semiconductor Manufacturing Co Ltd Ratio Comparison

• Taiwan Semiconductor Manufacturing Co Ltd Growth Rates

• Taiwan Semiconductor Manufacturing Co Ltd Balance Sheet

• Taiwan Semiconductor Manufacturing Co Ltd Cash Flow

• Taiwan Semiconductor Manufacturing Co Ltd Income Statement