Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) is Downgraded by Goldman to Neutral

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jun 28, 2016.

On the company’s financial health, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) reported $2.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 14, 2016. Analyst had a consensus of $2.49. The company had revenue of $203495.00 million for the quarter, compared to analysts expectations of $202296.05 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.05 EPS.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) opened for trading at $24.64 and hit $24.96 on the upside on Monday, eventually ending the session at $24.9, with a gain of 0.60% or 0.1495 points. The heightened volatility saw the trading volume jump to 1,03,33,757 shares. Company has a market cap of $129,133 M.

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.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR)

Leave a Reply

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.