Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) reported quarterly earnings results on Thursday, Jul-14-2016. The company said it had a profit of $2.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $2.65. The company posted revenue of $221810.00 million in the period, compared to analysts expectations of $217471.43 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.08 EPS.
Many Wall Street Analysts have commented on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Downgraded by Nomura to ” Neutral” on Jul 12, 2016. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Downgraded by JP Morgan to ” Neutral” on Jul 12, 2016. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Downgraded by Goldman to ” Neutral” on Jun 28, 2016.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) closed down -0.08 points or -0.30% at $26.89 with 1,05,53,308 shares getting traded on Wednesday. Post opening the session at $26.92, the shares hit an intraday low of $26.76 and an intraday high of $27.01 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.