Taiwan Semiconductor Manufacturing (TSM): Today's Featured Electronics Laggard

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.

Taiwan Semiconductor Manufacturing ( TSM) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Taiwan Semiconductor Manufacturing fell 26 cents (-1.4%) to $17.70 on average volume. Throughout the day, 9.3 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.4 million shares. The stock ranged in price between $17.67-$17.86 after having opened the day at $17.84 as compared to the previous trading day's close of $17.96. Other companies within the Electronics industry that declined today were: Suntech Power Holdings ( STP), down 20.9%, SunPower Corporation ( SPWR), down 12.6%, LDK Solar Company ( LDK), down 11.2%, and Pericom SemiConductor Corporation ( PSEM), down 10.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Taiwan Semiconductor Manufacturing Company Limited engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $93.79 billion and is part of the technology sector. The company has a P/E ratio of 21, above the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Friday. Currently there is one analyst that rates Taiwan Semiconductor Manufacturing a buy, one analyst rates 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 revenue growth, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, RF Industries ( RFIL), up 23.2%, Uni-pixel ( UNXL), up 12.3%, Aehr Test Systems ( AEHR), up 12.1%, and SolarCity ( SCTY), up 10.9%, were all gainers within the electronics industry with Micron Technology ( MU) being today's featured electronics industry leader.

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).

HOLIDAY SPECIAL: Let Jim Cramer show you every trade he is making in his $2.5 Million portfolio. Join now for 14-days FREE. Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

S&P 500 and Dow Score Records With Wall Street Upbeat Ahead of Fed

Nvidia Inspires Chipmaker Gains but Rest of Tech Gets Left Behind

These Apple iPhone Supplier Stocks Are Ones You Must Own Now: Goldman Sachs

These Are the 27 Companies You Must Watch Ahead of Apple's Big Launch Event

Broadcom and Others Should Be iPhone 8 Winners, but Synaptics Might Be a Loser