$9.79
0.01 (+0.10%)
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR (TSM)
CAPS Rating:
The Company manufactures semiconductors using its advanced manufacturing processes for the customers based on its own or third parties' proprietary integrated circuit designs.
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Sitting on a mountain of cash, minimal debt, consistent earnings growth, high insider ownership, and semiconductor manufacturing is slowly working its way into the world of the boring. They are repurchasing shares (albeit only to reduce share dilution from the company profit sharing plan), and they are paying a decent dividend. I am watching their inventory numbers with concern, doubly so because unlike commodities, getting a good handle on the value of semiconductors that can depreciate rapidly isn't easy, but overall, I feel this is a solid performer at a decent price.