Stock On Watch: Taiwan Semiconductor Mfg. Co. Ltd. (ADR) Can’t Burn Your Long Portfolio. Has Another Strong Session

Stock On Watch: Taiwan Semiconductor Mfg. Co. Ltd. (ADR) Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) is a huge mover today! About 2.91M shares traded hands. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) has risen 24.21% since March 9, 2016 and is uptrending. It has outperformed by 16.80% the S&P500.
The move comes after 5 months positive chart setup for the $152.76 billion company. It was reported on Oct, 12 by Barchart.com. We have $43.57 PT which if reached, will make NYSE:TSM worth $62.63 billion more.

Analysts await Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) to report earnings on October, 20.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) Ratings Coverage

Out of 3 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Taiwan Semiconductor Manufacturing has been the topic of 6 analyst reports since August 24, 2015 according to StockzIntelligence Inc. As per Friday, December 11, the company rating was upgraded by Credit Suisse. The firm has “Neutral” rating given on Tuesday, October 4 by Susquehanna. The rating was downgraded by Goldman Sachs on Tuesday, June 28 to “Neutral”.

According to Zacks Investment Research, “Taiwan Semiconductor Manufacturer Co is the world’s largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC’s goal is to establish itself as one of the world’s leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.”

Another recent and important Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) news was published by Fool.com which published an article titled: “3 Things Taiwan Semiconductor Mfg. Co. Ltd (ADR) Management Wants You to Know” on November 02, 2015.

TSM Company Profile

Taiwan Semiconductor Manufacturing Company Limited, incorporated on February 21, 1987, is a foundry, which makes semiconductors using its manufacturing processes for its clients based on their own or third parties’ integrated circuit designs. The Firm offers a range of wafer fabrication processes, including processes to manufacture complementary metal oxide silicon (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar complementary metal oxide silicon (BiCMOS) mixed-signal and other semiconductors. It operates through the foundry segment, which engages mainly in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. The Firm also has other operating divisions, which engage in the researching, developing, designing, manufacturing and selling of solid state lighting devices and renewable energy and efficiency related technologies and products. The Firm also offers design, bumping, probing, and assembly and testing services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment