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 up 2.2%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.46 (2.7%) to $17.42 on average volume. Throughout the day, 9,735,529 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11,178,700 shares. The stock ranged in a price between $17.09-$17.43 after having opened the day at $17.10 as compared to the previous trading day's close of $16.96. Other companies within the Electronics industry that increased today were: CSR ( CSRE), up 195.0%, Revolution Lighting Technologies ( RVLT), up 51.0%, Nexxus Lighting ( NEXS), up 51.0% and SemiLEDs ( LEDS), up 16.7%.

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 $91.1 billion and is part of the technology sector. Shares are up 2.3% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 1 rates 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, Rubicon Technology ( RBCN), down 8.0%, Suntech Power Holdings ( STP), down 7.1%, Ascent Solar Technologies ( ASTI), down 6.8% and Tel Instrument Electronics Corporation ( TIK), down 4.8% , were all laggards within the electronics industry with Marvell Technology Group ( MRVL) 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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