Dallas, Texas 08/30/2013 (Financialstrend) – During the last trading session, the stock of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) went up by 1.75% and found to have closed at the price of $16.26. For the day, the shares of Taiwan Semiconductor Mfg. Co. Ltd were opened at the price of $16.17. The total trading volume of the stock of Taiwan Semiconductor was 6.97 million shares. It could be observed that, so far during the 3 months timeframe, the stock of Taiwan Semiconductor went down by – 14.65%. At present, the 52-week price range of the company’s stock is lying between the values of $14.15 and $20.30. Due to the upward trend shown by the stock, it has been included to the NYSE Active Stock Watch List by the Equity Profile Report.
During the last trading session, the buying found to be more focused on the large capitalization stocks with the most heavily weighted stock in the local market, Taiwan Semiconductor Manufacturing Co leading in the gains. Taiwan Semiconductor Mfg. Co. Ltd is involved in the research, development, manufacturing and distribution of the integrated circuit – related products which is operating its business in 2 segments: foundry and other.
It is to be noted that, during this week, the shares of Taiwan Semiconductor Mfg. Co. Ltd were upgraded from the ‘overall buy’ rating to ‘strong buy’ rating according to the Portfolio Grader database. Along with the shares of Taiwan Semiconductor, the shares of four other companies: FSI International (NASDAQ:FSII), Sunedison Inc (NYSE:SUNE), MEMSIC Inc (NASDAQ:MEMS) and Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) also have been upgraded from the previous ratings by the Portfolio Grader. The shares of FSI International and Himax Technologies have been upgraded from ‘buy’ to ‘strong buy’ while the shares of SunEdison Inc and MEMSIC Inc have been upgraded from ’hold’ rating to ‘buy’ rating.
