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Taiwan Semiconductor Manufacturing Co Ltd (TSM): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Taiwan Semiconductor Manufacturing ( TSM) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 2.1%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.22 (1.4%) to $16.27 on average volume. Throughout the day, 16,745,536 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11,316,300 shares. The stock ranged in a price between $16.11-$16.36 after having opened the day at $16.27 as compared to the previous trading day's close of $16.05. Other companies within the Technology sector that increased today were: Voltari ( VLTC), up 1511.3%, CSR ( CSRE), up 177.4%, NQ Mobile ( NQ), up 22.7% and China Finance Online ( JRJC), up 21.2%.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $84.1 billion and is part of the electronics industry. Shares are down 5.5% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, RELM Wireless Corporation ( RWC), down 23.8%, OCZ Technology Group ( OCZ), down 16.2%, InfoSonics Corporation ( IFON), down 12.2% and Selectica ( SLTC), down 11.9% , were all laggards within the technology sector with ServiceNow ( NOW) being today's technology sector laggard.

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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