Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : The consensus on Taiwan Semiconductor Manufacturing Company Ltd. (TSM) based on 2 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
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 Company Ltd. (NYSE:TSM): After opening at $28.61, the stock dipped to an intraday low of $28.61 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.27 and the buying power remained strong till the end. The stock closed at $29.18 for the day, a gain of 1.96% for the day session. The total traded volume was 6,321,109. The stocks close on the previous trading day was $28.62.
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.