Goldman Sachs Cuts Taiwan Semiconductor Mfg. Co. to Neutral (TSM)

By admin | 6 years ago

Taiwan Semiconductor Mfg. Co. (NYSE: TSM) was downgraded by investment analysts at Goldman Sachs (NYSE: GS) from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday.

Shares of Taiwan Semiconductor Mfg. Co. traded down 4.04% during mid-day trading on Thursday, hitting $13.175. Taiwan Semiconductor Mfg. Co. has a one year low of $10.75 and a one year high of $16.15. The company has a market cap of $68.301 billion and a P/E ratio of 16.15.

Taiwan Semiconductor Mfg. Co. last issued its quarterly earnings data on Thursday, April 26th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.15. Taiwan Semiconductor Mfg. Co.’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Taiwan Semiconductor Mfg. Co. will post $0.29 earnings per share next quarter.

Separately, analysts at CLSA upgraded shares of Taiwan Semiconductor Mfg. Co. from an “outperform” rating to a “buy” rating in a research note to investors on Friday, April 27th.

Taiwan Semiconductor Manufacturing Co, Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and distribution of integrated circuit (IC) related products.

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