Taiwan Semiconductor Manufacturing Co Ltd (TSM): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Taiwan Semiconductor Manufacturing fell $0.45 (-2.6%) to $16.80 on average volume. Throughout the day, 11,145,897 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11,019,400 shares. The stock ranged in price between $16.76-$17.05 after having opened the day at $17.05 as compared to the previous trading day's close of $17.25. Other companies within the Technology sector that declined today were: Audience ( ADNC), down 18.7%, eMagin Corporation ( EMAN), down 17.5%, SciQuest ( SQI), down 16.4% and ValueClick ( VCLK), down 14.9%.

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 $88.1 billion and is part of the electronics industry. Shares are down 1.0% year to date as of the close of trading on Thursday. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 positive front, Kingtone Wirelessinfo Solution ( KONE), up 62.1%, Alvarion ( ALVR), up 26.5%, Active Network ( ACTV), up 24.3% and Alaska Communications Systems Group ( ALSK), up 23.5% , were all gainers within the technology sector with Check Point Software Technologies ( CHKP) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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