Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) was Upgraded by Pacific Crest to ” Sector Weight”. Earlier the firm had a rating of “Underweight ” on the company shares. Pacific Crest advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Downgraded by HSBC Securities to ” Hold” on Oct 13, 2016. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Upgraded by Susquehanna to ” Neutral” on Oct 4, 2016.
On the company’s financial health, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) reported $3.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 13, 2016. Analyst had a consensus of $3.69. The company had revenue of $260410.00 million for the quarter, compared to analysts expectations of $255762.90 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.91 EPS.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) closed down -0.55 points or -1.76% at $30.73 with 1,01,57,575 shares getting traded on Tuesday. Post opening the session at $30.99, the shares hit an intraday low of $30.51 and an intraday high of $30.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.