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Taiwan Semiconductor Manufacturing (TSM): Today's Featured Electronics Winner

Taiwan Semiconductor Manufacturing ( TSM) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.4%. By the end of trading, Taiwan Semiconductor Manufacturing rose 43 cents (3.4%) to $13.12 on heavy volume. Throughout the day, 19.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.8 million shares. The stock ranged in a price between $12.59-$13.18 after having opened the day at $12.59 as compared to the previous trading day's close of $12.69. Other companies within the Electronics industry that increased today were: Amphenol ( APH), up 14.8%, Parkervision ( PRKR), up 11.4%, NXP Semiconductor ( NXPI), up 9.1%, and Inphi ( IPHI), up 7.8%.

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 $66.82 billion and is part of the technology sector. The company has a P/E ratio of 15, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Taiwan Semiconductor Manufacturing a buy, one analyst rates it a sell, and three rate 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

For investors not wanting singular stock exposure, 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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