Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Analyst Rating Update

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Zacks Investment Research ranks Taiwan Semiconductor Manufacturing Company Ltd. (TSM) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 2 research analysts is 3, which indicates as a Hold.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM): The stock opened at $25.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.20 for the day. The stock traded down to $25.75 during the day, due to lack of any buying support eventually closed down at $26.15 with a loss of -0.42% for the day. The stock had closed at $26.26 on the previous day. The total traded volume was 6,062,902 shares.

The company shares have rallied 18.13% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $26.92 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $25.38 and the 200 Day Moving Average price is recorded at $24.16.

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.

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