NEW YORK (TheStreet) -- Shares of Taiwan Semiconductor Manufacturing Co. (TSM) closed down by 0.04% to $23.66 as the company's growth could decline by 50% with the semiconductor industry seeing over $70 billion in acquisition deal value over the past few months, Barron's reported.
Initially, the impact that these mergers will have on TSM will be very limited, but over the next few years, the company's growth rate could go to 10-15% range from the 20-30% range, HSBC (HSBC) said, according to Barron's.
Separately, TheStreet Ratings team rates TAIWAN SEMICONDUCTOR MFG CO as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TAIWAN SEMICONDUCTOR MFG CO (TSM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."