Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : The consensus on Taiwan Semiconductor Manufacturing Company Ltd. (TSM) based on 2 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the JP Morgan downgrades the rating on Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 12, 2016.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM): The stock opened at $30.35 and touched an intraday high of $30.55 on Wednesday. During the day, the stock corrected to an intraday low of $29.78, however, the bulls stepped in and pushed the price higher to close in the green at $29.82 with a gain of 1.12% for the day. The total traded volume for the day was 14,429,833. The stock had closed at $29.49 in the previous trading session.
Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors. It also offers design, mask making, bumping, probing, and assembly and testing services. TSMC operates one 150-millimeter wafer fab, six 200-millimeter wafer fabs and three 300-millimeter wafer fabs. The Company manufactures different types of semiconductors with different specific functions. The Companys semiconductor types include logic semiconductors, mixed-signal/RF semiconductors and CMOS image sensor semiconductors.