Taiwan Semiconductor Mfg. Co. Ltd. (ADR)(NYSE:TSM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $6.84B. Analysts estimated a revenue of $6.73B. Earnings per share were $0.43. Analysts had estimated an EPS of $4.54.
In a different note, On Jul 12, 2016, JP Morgan said it Downgrades its rating on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). The shares have been rated ‘Neutral’ by the firm. On Jul 12, 2016, Nomura said it Downgrades its rating on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). The shares have been rated ‘Neutral’ by the firm.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) made into the market gainers list on Mondays trading session with the shares advancing 2.33% or 0.63 points. Due to strong positive momentum, the stock ended at $27.64, which is also near the day’s high of $27.65. The stock began the session at $27.31 and the volume stood at 77,67,306 shares. The 52-week high of the shares is $27.65 and the 52 week low is $17.32. The company has a current market capitalization of $143,343 M and it has 5,18,60,76,000 shares in outstanding.
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 Company’s semiconductor types include logic semiconductors mixed-signal/RF semiconductors and CMOS image sensor semiconductors.