Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Traders are bullish on Taiwan Semiconductor Manufacturing Company Ltd. (TSM) as it has outperformed the S&P 500 by a wide margin of 5.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.64% in the last 1 week, and is up 7.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.65 and $28.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.79, notching a gain of 1.37% for the day. The total traded volume was 5,573,012 . The stock had closed at $28.40 on the previous day.
The stock has recorded a 20-day Moving Average of 4.1% and the 50-Day Moving Average is 10.25%. Taiwan Semiconductor Manufacturing Company Limited is up 27.6% in the last 3-month period. Year-to-Date the stock performance stands at 31.3%.
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.