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

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 higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.4%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.34 (2.0%) to $17.65 on average volume. Throughout the day, 10,621,863 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11,268,500 shares. The stock ranged in a price between $17.53-$17.75 after having opened the day at $17.72 as compared to the previous trading day's close of $17.31. Other companies within the Electronics industry that increased today were: Nortech Systems Incorporated ( NSYS), up 8.3%, Cirrus Logic ( CRUS), up 5.4%, RF Micro Devices ( RFMD), up 5.4% and Mindspeed Technologies ( MSPD), up 5.3%.

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 $91.3 billion and is part of the technology sector. Shares are up 0.8% 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 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, increase in stock price during the past year 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 negative front, Daqo New Energy ( DQ), down 10.7%, Nexxus Lighting ( NEXS), down 8.5%, Revolution Lighting Technologies ( RVLT), down 8.5% and LRAD ( LRAD), down 7.1% , were all laggards within the electronics industry with Micron Technology ( MU) 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.
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