3 Electronics Stocks On The Rise

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 7 points (0.0%) at 17,094 as of Thursday, July 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,609 issues advancing vs. 1,334 declining with 169 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the industry include Kyocera ( KYO), up 1.5%, Amphenol Corp Class A ( APH), up 1.1% and ABB ( ABB), up 0.9%. On the negative front, top decliners within the industry include ASM International ( ASMI), down 4.7%, Intel ( INTC), down 0.7% and Texas Instruments ( TXN), down 0.6%.

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 $0.22 (1.1%) to $20.90 on heavy volume. Thus far, 8.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.1 million shares. The stock has ranged in price between $20.75-$20.96 after having opened the day at $20.84 as compared to the previous trading day's close of $20.68.

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 $108.5 billion and is part of the technology sector. Shares are up 18.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates 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 revenue growth, growth in earnings per share, expanding profit margins, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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