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

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 higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.3%. By the end of trading, Taiwan Semiconductor Manufacturing rose 28 cents (1.6%) to $18.18 on light volume. Throughout the day, 6.2 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.6 million shares. The stock ranged in a price between $17.97-$18.22 after having opened the day at $17.98 as compared to the previous trading day's close of $17.90. Other companies within the Electronics industry that increased today were: Spire Corporation ( SPIR), up 49.1%, Trio-Tech International ( TRT), up 18.4%, Power Integrations ( POWI), up 14.4%, and Parkervision ( PRKR), up 14.3%.
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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 $93.68 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 5.3% year to date as of the close of trading on Monday. 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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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