Taiwan Semi (NYSE:TSM) has been upgraded from Underweight to Sector Weight in a statement by Pacific Crest earlier today.
- Updated: October 13, 2016
Boasting a price of $30.53, Taiwan Semi (NYSE:TSM) traded -3.48% lower on the day. The last close is up 12.13% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $29.75 and a 200-day moving average of $26.99. Trade Volume was up over the average, with 12,435,071 shares of TSM changing hands over the typical 6,450,780
Pacific Crest has upgraded Taiwan Semi (NYSE:TSM) from Underweight to Sector Weight in a statement released on 10/14/2016.
With a market capitalization of $0, Taiwan Semi has P/E ratio of 17.49 with a 52 week low of $20.45 and a 52 week high of $31.48 .
A total of 5 analysts have issued a report on the stock. One equity analyst rating the stock a strong buy, 2 analysts rating the company a buy, one broker rating the stock a hold, 2 brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $25.46.
General Information About Taiwan Semi (NYSE:TSM)
Taiwan Semiconductor Manufacturing Company Limited is a foundry, which manufactures semiconductors using its manufacturing processes for its customers based on their own or third parties' integrated circuit designs. The Company offers a range of wafer fabrication processes, including processes to manufacture complementary metal oxide silicon logic, mixed-signal, radio frequency, embedded memory, bipolar complementary metal oxide silicon mixed-signal and other semiconductors. It operates through foundry segment, which engages in manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It also has other operating segments, which engage in the researching, developing, designing, manufacturing and selling of solid state lighting devices and renewable energy and efficiency related technologies and products. It offers design, bumping, probing, and assembly and testing services.
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