Bullishcharts

Taiwan Semiconductor Bucks the trend, Bullish breakout

NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
Entry level $48.70
Price target $53.00
Stop loss $47

Average analysts price target $51.36
Average analysts recommendation Overweight
Yield 3.37%
P/E ratio 23

Company profile
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.

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