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

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 1.4%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.29 (1.6%) to $17.93 on average volume. Throughout the day, 12,117,175 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,878,900 shares. The stock ranged in a price between $17.82-$18.12 after having opened the day at $17.89 as compared to the previous trading day's close of $17.64. Other companies within the Electronics industry that increased today were: GT Advanced Technologies ( GTAT), up 13.8%, Intevac ( IVAC), up 12.1%, Canadian Solar ( CSIQ), up 9.5% and Enphase Energy ( ENPH), up 9.1%.

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 $90.9 billion and is part of the technology sector. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 3 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Amtech Systems ( ASYS), down 11.2%, Qualstar Corporation ( QBAK), down 8.6%, Digital Power Corporation ( DPW), down 7.3% and Aetrium Incorporated ( ATRM), down 4.7% , were all laggards within the electronics industry with Cirrus Logic ( CRUS) being today's electronics industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Purdue Pharma Unloads Sales Staff, Transitioning From Painkiller Focus

Purdue Pharma Unloads Sales Staff, Transitioning From Painkiller Focus

Dow Finishes Lower as Nasdaq Posts New Record

Dow Finishes Lower as Nasdaq Posts New Record

Airlines Rebuke Trump Policy of Separating Children

Airlines Rebuke Trump Policy of Separating Children

Deutsche Bank Fined $205 Million Over Currency-Trading Violations

Deutsche Bank Fined $205 Million Over Currency-Trading Violations