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Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) stock price target increased to $33.00, released a research note earlier today by Zacks Investment Research

Showing a price of $29.94, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) traded 0.87% higher on the day. With the last close up 14.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $28.95 and a two hundred day average of $26.40. 2,841,761 shares of TSM traded, down from an avg. volume of 6,813,690

Zacks Investment Research bumped up the target of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) to $33.00 stating a potential upside of 0.10%.

See Chart Below

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

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) has a 52 week low of $19.49 and a 52 week high of $30.55 with a PE ratio of 17.64 TSM’s total market value is presently $0.

A total of 5 brokerages have issued a ratings update on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). 1 analyst rating the company a strong buy, two firms rating the stock a buy, one equity analyst rating the company a hold, 2 brokers rating the stock a underperform, and finally 0 brokerages rating the company a sell with a 12-month price target of $25.46.

General Company Details For 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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