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 down 1.3%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.39 (2.0%) to $20.30 on average volume. Throughout the day, 14,096,493 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11,626,100 shares. The stock ranged in a price between $20.06-$20.31 after having opened the day at $20.13 as compared to the previous trading day's close of $19.91. Other companies within the Technology sector that increased today were:

Ascent Solar Technologies

(

ASTI

), up 9.3%,

Systemax

(

SYX

), up 7.9%,

Aetrium

(

ATRM

), up 7.7% and

Bel Fuse

(

BELFA

), up 7.4%.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $106.6 billion and is part of the electronics industry. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Eltek

TheStreet Recommends

(

ELTK

), down 23.6%,

Rubicon Project

(

RUBI

), down 16.4%,

Net Element

(

NETE

), down 16.0% and

Sequans Communications

(

SQNS

), down 15.4% , were all laggards within the technology sector with

Baidu

(

BIDU

) 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

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.