Best Manufacturing Stocks To Watch Today - November 3rd

Key Points

• Taiwan Semiconductor Manufacturing (TSM), Applied Materials (AMAT), and Fabrinet (FN) were identified as the manufacturing stocks with the highest recent dollar trading volume.
• TSM, the largest of the three with a $2.11 trillion market capitalization, rose to $406.36 on Tuesday and is involved in semiconductor fabrication, packaging, and testing worldwide.
• AMAT climbed to $381.60, while Fabrinet surged to $364.44; both remain well below their 52-week highs, with Fabrinet’s market capitalization at $13.06 billion.

Taiwan Semiconductor Manufacturing, Applied Materials, and Fabrinet are the three Manufacturing stocks to watch today, according to MarketBeat's stock screener tool. Manufacturing stocks are shares of companies that produce physical goods, such as automobiles, machinery, electronics, chemicals, or consumer products. For stock market investors, these stocks represent ownership in manufacturing businesses and may offer returns through share-price appreciation and dividends, while often being influenced by economic cycles, demand, production costs, and supply-chain conditions. These companies had the highest dollar trading volume of any Manufacturing stocks within the last several days.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Taiwan Semiconductor Manufacturing stock traded up $7.73 during midday trading on Tuesday, reaching $406.36. The company had a trading volume of 4,978,317 shares, compared to its average volume of 13,000,653. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The firm's fifty day simple moving average is $434.60 and its 200-day simple moving average is $399.83. The company has a market capitalization of $2.11 trillion, a P/E ratio of 26.13, a P/E/G ratio of 0.89 and a beta of 1.37. Taiwan Semiconductor Manufacturing has a 12-month low of $266.82 and a 12-month high of $487.47.

Read Our Latest Research Report on TSM

Applied Materials (AMAT)

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

AMAT traded up $7.07 on Tuesday, hitting $381.60. 2,013,947 shares of the company's stock were exchanged, compared to its average volume of 7,852,346. Applied Materials has a fifty-two week low of $203.40 and a fifty-two week high of $739.67. The stock has a market cap of $302.83 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 1.16 and a beta of 1.60. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $455.30 and a 200-day moving average price of $443.98.

Read Our Latest Research Report on AMAT

Fabrinet (FN)

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.

Fabrinet stock traded up $49.74 during trading on Tuesday, reaching $364.44. 1,177,340 shares of the company were exchanged, compared to its average volume of 863,686. The stock's 50 day simple moving average is $402.07 and its two-hundred day simple moving average is $521.45. The company has a market capitalization of $13.06 billion, a P/E ratio of 27.72 and a beta of 1.35. Fabrinet has a 52-week low of $305.63 and a 52-week high of $748.89.

Read Our Latest Research Report on FN

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