, Tracking Stock Market Picks
Enter Symbol:
Taiwan Semiconductor Manufacturing Company (TSM) [hlAlert]

Mkt Perform
up 12.40 %

Taiwan Semiconductor Manufacturing Company (TSM) downgraded to Mkt Perform with price target $12 by FBR Capital Markets

Posted on: Tuesday,  May 12, 2009  8:25 AM ET by FBR Capital Markets

FBR Capital Markets rated Mkt Perform Taiwan Semiconductor Manufacturing Company (NYSE: TSM) on 05/12/2009. Previously FBR Capital Markets rated Outperform Taiwan Semiconductor Manufacturing Company
(NYSE: TSM) on 03/31/2009., when the stock price was $9.03. Since then, Taiwan Semiconductor Manufacturing Company has gained 12.40% as of 05/12/2009's recent price of $10.15.
If you would have followed the previous FBR Capital Markets's recommendation on TSM, you would have gained 12.4% of your investment in 42 days.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is principally engaged in the manufacture of integrated circuits (ICs) for customers based on their own or third parties' IC designs. The Company offers a range of wafer fabrication processes, including embedded non-volatile memory process, embedded dynamic random access memory (DRAM) process, mixed signal/ radio frequency (RF) process, high voltage process, complementary metal-oxide semiconductor (CMOS) image sensor process, color filter process, micro electro-mechanical system (MEMS) process and silicon germanium process, among others. The Company's chips are used in computer products, communications products and consumer electronic products. As of December 31, 2008, the Company had seven wafer plants.

FBR Capital Markets research group uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/12/2009 8:25 AM Hold
10.15 12.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  12.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/31/2009 8:25 AM Buy
9.03 12.00

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy