2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is down $0.17 (-0.9%) to $18.52 on light volume Thus far, 3.4 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $18.49-$18.81 after having opened the day at $18.70 as compared to the previous trading day's close of $18.69.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $95.6 billion and is part of the technology sector. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Thursday.

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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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