Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

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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 0.8%. By the end of trading, Taiwan Semiconductor Manufacturing rose 45 cents (3.2%) to $14.70 on average volume. Throughout the day, 10.6 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 12.6 million shares. The stock ranged in a price between $14.34-$14.72 after having opened the day at $14.41 as compared to the previous trading day's close of $14.25. Other companies within the Electronics industry that increased today were:

Dynasil Corporation of America

(

DYSL

), up 16.3%,

Enova Systems

(

ENA

), up 12.4%,

Perceptron

(

PRCP

), up 11.8%, and

TranSwitch Corporation

(

TXCC

), up 9.7%.

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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 $74.39 billion and is part of the

technology

sector. The company has a P/E ratio of 16.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 11.2% year to date as of the close of trading on Thursday. 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 solid stock price performance, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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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