Taiwan Semiconductor Manufacturing Company Ltd. (TSM) has risen sharply, recording gains of 3.24% in the past 4 weeks. However, the stock has corrected -2.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Taiwan Semiconductor Manufacturing Company Limited is up 24.28% in the last 3-month period. Year-to-Date the stock performance stands at 30.62%. The stock has recorded a 20-day Moving Average of 0% and the 50-Day Moving Average is 5.79%.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM): The stock opened at $28.63 on Friday but the bulls could not build on the opening and the stock topped out at $28.69 for the day. The stock traded down to $28.51 during the day, due to lack of any buying support eventually closed down at $28.64 with a loss of -1.78% for the day. The stock had closed at $29.16 on the previous day. The total traded volume was 6,241,766 shares.
Also, In a research note released to the investors, JP Morgan downgrades its rating on Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on July 12, 2016.
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.