Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Jul 12, 2016.
Many Wall Street Analysts have commented on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Downgraded by Goldman to ” Neutral” 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 $27.16 and hit $27.37 on the upside on Monday, eventually ending the session at $27.2, with a gain of 1.76% or 0.47 points. The heightened volatility saw the trading volume jump to 60,51,579 shares. Company has a market cap of $141,061 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.