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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 $1.64 (-8.9%) to $16.81 on heavy volume. Throughout the day, 43,428,462 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,214,700 shares. The stock ranged in price between $16.74-$17.56 after having opened the day at $17.53 as compared to the previous trading day's close of $18.45. Other companies within the Electronics industry that declined today were: Fairchild Semiconductor International ( FCS), down 10.8%, Affymetrix ( AFFX), down 9.8%, Amphenol ( APH), down 9.7% and Ultratech ( UTEK), down 7.7%.

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. Shares are up 7.5% 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 2 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.

On the positive front, Daqo New Energy ( DQ), up 9.9%, ReneSola ( SOL), up 8.4%, Plexus ( PLXS), up 7.8% and Aehr Test Systems ( AEHR), up 7.3% , were all gainers within the electronics industry with Eaton Corporation ( ETN) being today's featured electronics industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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