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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 0.3%. By the end of trading, Taiwan Semiconductor Manufacturing fell $0.61 (-3.4%) to $17.60 on average volume. Throughout the day, 12,205,841 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,794,600 shares. The stock ranged in price between $17.57-$17.92 after having opened the day at $17.87 as compared to the previous trading day's close of $18.21. Other companies within the Electronics industry that declined today were: Daqo New Energy ( DQ), down 20.2%, Vimicro International Corporation ( VIMC), down 9.2%, ON Semiconductor Corporation ( ONNN), down 5.2% and Veeco Instruments ( VECO), down 5.2%. 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 technology sector. 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.
