Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Upgrade
In a comprehensive report released on Friday morning, Credit Suisse boosted shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) to a “Outperform”. The previous rating for TSM was a “Neutral”.
Approximately 4.49M shares of stock traded hands. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) has declined 7.74% since May 8, 2015 and is downtrending. It has underperformed by 4.72% the S&P500.
Taiwan Semiconductor Manufacturing Co., Ltd. is a Taiwan firm 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 has a market cap of $111.11 billion. The Firm 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 has 12.18 P/E ratio. It also offers design, mask making, bumping, probing, and assembly and testing services.
According to Zacks Investment Research, “Taiwan Semiconductor Manufacturer Co is the world’s largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC’s goal is to establish itself as one of the world’s leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.” Get a free copy of the Zacks research report on Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM).