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

Taiwan Semiconductor Manufacturing (TSM) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Taiwan Semiconductor Manufacturing fell 8 cents (-0.6%) to $14.09 on light volume. Throughout the day, 9.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 14 million shares. The stock ranged in price between $14.04-$14.15 after having opened the day at $14.10 as compared to the previous trading day's close of $14.17. Other companies within the Electronics industry that declined today were: EZChip Semiconductor (EZCH), down 25%, Enphase Energy (ENPH), down 24%, Pulse Electronics (PULS), down 19.5%, and GSI Group (GSIG), down 11.6%.

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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 $73.82 billion and is part of the technology sector. The company has a P/E ratio of 16.6, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10.3% 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and 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, Suntech Power Holdings (STP), up 15.7%, MEMC Electronic Materials (WFR), up 10.7%, Enova Systems (ENA), up 10.6%, and ION Geophysical Corporation (IO), up 9.7%, were all gainers within the electronics industry with Agilent Technologies (A) being today's featured electronics industry leader.

• Use our electronics section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

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