Taiwan Semiconductor Manufacturing Co Ltd (TSM): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.1%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.44 (2.5%) to $17.89 on average volume. Throughout the day, 11,269,873 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,580,800 shares. The stock ranged in a price between $17.60-$17.96 after having opened the day at $17.61 as compared to the previous trading day's close of $17.45. Other companies within the Technology sector that increased today were: Cray ( CRAY), up 39.0%, Qualstar Corporation ( QBAK), up 35.6%, LogMeIn ( LOGM), up 21.7% and Bankrate ( RATE), up 19.5%.

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 $90.1 billion and is part of the electronics industry. Shares are up 0.1% 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 none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. Among the primary strengths of the company is its revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, CafePress ( PRSS), down 20.8%, GlobalSCAPE Incorporated ( GSB), down 19.6%, Trulia ( TRLA), down 17.7% and Alvarion ( ALVR), down 14.3% , were all laggards within the technology sector with Avago Technologies ( AVGO) being today's technology sector laggard.

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).

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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