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.
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.7%. By the end of trading, Taiwan Semiconductor Manufacturing fell $0.53 (-3.0%) to $17.02 on heavy volume. Throughout the day, 18,906,973 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9,388,900 shares. The stock ranged in price between $16.86-$17.35 after having opened the day at $17.32 as compared to the previous trading day's close of $17.55. Other companies within the Electronics industry that declined today were:
), down 11.1%,
), down 10.4%,
), down 7.1% and
), down 6.2%.
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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 $91.1 billion and is part of the technology sector. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Taiwan Semiconductor Manufacturing
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Taiwan Semiconductor Manufacturing Ratings Report.
On the positive front,
), up 16.5%,
), up 12.8%,
), up 10.2% and
), up 9.9% , were all gainers within the electronics industry with
) 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
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.