http://www.americanbankingnews.com/getthestreet reissued their buy rating on shares of Taiwan Semiconductor Mfg. Co. (NYSE: TSM) in a report released on Monday.
“Taiwan Semiconductor Manufacturing (TSM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
,” TheStreet’s analyst wrote.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America upgraded shares of Taiwan Semiconductor Mfg. Co. from an underperform rating to a buy rating in a research note to investors on Thursday, February 21st. Separately, analysts at Zacks downgraded shares of Taiwan Semiconductor Mfg. Co. from an outperform rating to a neutral rating in a research note to investors on Monday, January 14th. They now have a $19.20 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Taiwan Semiconductor Mfg. Co. from a neutral rating to an outperform rating in a research note to investors on Friday, December 7th.
Taiwan Semiconductor Mfg. Co. opened at 18.14 on Monday. Taiwan Semiconductor Mfg. Co. has a 52-week low of $12.14 and a 52-week high of $19.25. The stock’s 50-day moving average is currently $18.21. The company has a market cap of $94.054 billion and a price-to-earnings ratio of 16.74.
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