Taiwan Semiconductor Manufacturing

(

TSM

) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 0.1%. By the end of trading, Taiwan Semiconductor Manufacturing fell 20 cents (-1.4%) to $13.73 on heavy volume. Throughout the day, 23.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.3 million shares. The stock ranged in price between $13.66-$14.04 after having opened the day at $14.04 as compared to the previous trading day's close of $13.93. Other company's within the Technology sector that declined today were:

Semiconductor Manufacturing International C

(

SMI

), down 12.9%,

Kingtone Wirelessinfo Solution

(

KONE

), down 12.5%,

Spire Corporation

(

SPIR

), down 12.3%, and

e-Future Information Technology

(

EFUT

), down 11.1%.

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 $73.36 billion and is part of the

electronics

industry. The company has a P/E ratio of 16.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and four 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 and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Microvision

(

MVIS

), up 38.7%,

Elephant Talk Communications

(

ETAK

), up 29.3%,

Deltathree

(

DDDC

), up 25%, and

Ambient Corporation

(

AMBT

), up 23.6%, were all gainers within the technology sector with

Nippon Telegraph & Telephone

(

NTT

) being today's featured technology sector winner.

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

).

null