TSM, SNDK, TXN, HPQ And QCOM, Pushing Technology Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 15,199 as of Monday, July 8, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,878 issues advancing vs. 1,083 declining with 93 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 1.0%. On the negative front, top decliners within the sector include Intel ( INTC), down 3.6%, and Nippon Telegraph & Telephone ( NTT), down 2.0%. Top gainers within the sector include Dell ( DELL), up 2.8%, Accenture ( ACN), up 1.4%, Sap ( SAP), up 1.4%, LM Ericsson Telephone Company ADR Class B ( ERIC), up 1.1% and Telefonica ( TEF), up 0.9%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Technology sector lower today. As of noon trading, Taiwan Semiconductor Manufacturing is down $0.57 (-3.1%) to $17.64 on average volume. Thus far, 5.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.8 million shares. The stock has ranged in price between $17.59-$17.92 after having opened the day at $17.87 as compared to the previous trading day's close of $18.21.

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 $94.0 billion and is part of the electronics industry. Shares are up 6.1% year to date as of the close of trading on Friday. 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 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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