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. All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged. The Electronics industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was Garmin ( GRMN), up 1.5%. On the negative front, top decliners within the industry include Advanced Energy Industries ( AEIS), down 18.1%, and Amphenol Corp Class A ( APH), down 1.1%. TheStreet would like to highlight 3 stocks pushing the industry higher today: 3. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Electronics industry higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.37 (1.9%) to $20.03 on average volume. Thus far, 5.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.9 million shares. The stock has ranged in price between $19.73-$20.09 after having opened the day at $19.78 as compared to the previous trading day's close of $19.66. Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $101.7 billion and is part of the technology sector. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates 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. Get the full Taiwan Semiconductor Manufacturing Ratings Report now. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.