UBS AG lowered shares of Taiwan Semiconductor Mfg. Co. (NYSE: TSM) from a buy rating to a neutral rating in a research report released on Wednesday morning, TheFlyOnTheWall.com reports. UBS AG currently has $18.54 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a buy rating on shares of Taiwan Semiconductor Mfg. Co. in a research note to investors on Monday, March 4th. Separately, analysts at Bank of America upgraded shares of Taiwan Semiconductor Mfg. Co. from an underperform rating to a buy rating in a research note to investors on Thursday, February 21st.

Shares of Taiwan Semiconductor Mfg. Co. (NYSE: TSM) traded down 1.61% during mid-day trading on Wednesday, hitting $17.76. Taiwan Semiconductor Mfg. Co. has a 52 week low of $12.14 and a 52 week high of $19.25. The stock’s 50-day moving average is currently $18.1. The company has a market cap of $92.084 billion and a P/E ratio of 16.48.

Taiwan Semiconductor Manufacturing Co, Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and distribution of integrated circuit (IC) related products.

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