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 1.2%. By the end of trading, Taiwan Semiconductor Manufacturing fell $0.26 (-1.4%) to $17.70 on average volume. Throughout the day, 8,811,222 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,160,600 shares. The stock ranged in price between $17.61-$17.94 after having opened the day at $17.80 as compared to the previous trading day's close of $17.96. Other companies within the Electronics industry that declined today were: Luna Innovations ( LUNA), down 31.0%, Vimicro International Corporation ( VIMC), down 9.7%, Control4 ( CTRL), down 9.2% and Cabot Microelectronics Corporation ( CCMP), down 9.1%.

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 $91.7 billion and is part of the technology sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.0% 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 none 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 revenue growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, ClearSign Combustion ( CLIR), up 12.4%, Sevcon ( SEV), up 7.1%, Vicon Industries ( VII), up 6.6% and Rambus ( RMBS), up 6.2%.

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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