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Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) has been downgraded to Hold in a report by HSBC today.

Yesterday Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) traded -3.48% lower at $30.06. The company’s 50-day moving average is $29.75 and its 200-day moving average is $26.99. The last stock close price is up 12.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 12,435,071 shares of the stock were exchanged, up from an average trading volume of 6,450,780

HSBC has downgraded Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) to Hold in a report released on 10/13/2016.

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Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM)

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) has a 52 week low of $20.45 and a 52 week high of $31.48 with a P/E ratio of 17.49 The company’s market cap is currently $0.

In addition to HSBC reporting its target price, a total of 5 brokers have issued a research note on the company. The average stock price target is $25.46 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 1 equity analyst rating the company a hold, two equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (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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