Taiwan Semiconductor Manufacturing Company (TSM)
Taiwan Semiconductor Manufacturing Company Beneish M-Score: -4.034
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TSM Beneish M-Score Rankings
| Overall | 97th percentile | 82 of 3771 |
| Sector | 96th percentile | 24 of 785 in Technology |
| Industry | 93rd percentile | 3 of 49 in Semiconductor - Integrated Circuits |
TSM Beneish M-Score Range, Past 5 Years
| Minimum | -4.034 | Dec 2011 |
| Maximum | -2.246 | Dec 2009 |
| Average | -3.039 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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TSM News
Taiwan Semiconductor Manufacturing (TSM): Today's Featured Technology Loser
May 31, 5:01PM TheStreet
May 31, 5:01PM TheStreet
ExxonMobil, Caterpillar Among Stocks Down on Above-average Volume Thursday
May 31, 4:34PM Fox Business
May 31, 4:34PM Fox Business
Goldman Sachs Downgrades Taiwan Semiconductor (TSM) to Neutral; Cyclical Headwinds
May 31, 10:23AM Street Insider
May 31, 10:23AM Street Insider
Renesas Electronics and TSMC Collaborate to Construct Ecosystem for Microcontrollers
May 28, 2:30AM Business Wire
May 28, 2:30AM Business Wire
SPDR S&P MidCap 400 ETF, Polo Ralph Lauren Included in Stocks Up on High Volume Monday
May 21, 4:34PM Fox Business
May 21, 4:34PM Fox Business
$TSM http://stks.co/3nkU Has been a in a very Bullish trend. Recent ugliness, but did find structure support & recovering.
about 20 days ago by Fibline
about 20 days ago by Fibline
RT @Dasan I'm also in the market for disparaging comments about $TSM. Come on, man up and tell my why the stock sucks here. Bring it on!
about 23 days ago by ahurwitz
about 23 days ago by ahurwitz
Taiwan Semiconductor Manufacturing (TSM): Today's Featured Technology Loser
May 04, 5:01PM TheStreet
May 04, 5:01PM TheStreet
RT @Ktr8der China PMI, Samsung, $TSM, $EEM etc.. would support China's slowing growth fears are way overblown. Agree with @BrianKellyBK.
about 31 days ago by frotuss
about 31 days ago by frotuss
$TSM http://stks.co/3Z4p Breakout confirmed on better than ave. volume. Solid trend.
about 35 days ago by Fibline
about 35 days ago by Fibline
$TSM http://stks.co/3XfP Consolidation breakout to New 52 Week High on very solid volume.
about 36 days ago by Fibline
about 36 days ago by Fibline
9 Stocks Hit 52-Week Highs http://stks.co/3XG0 My story via @TheStreet $CRUS $T $WMB $WPI $RTN $MJN $AZO $TSM $AEO #52WeekHigh
about 36 days ago by azendrian
about 36 days ago by azendrian
$TSM http://stks.co/3XER Nice break w/volume. RS trending higher. Bullish MACD cross.
about 36 days ago by ACInvestorBlog
about 36 days ago by ACInvestorBlog
Taiwan Semiconductor Manufacturing's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Apr 26, 2:16PM Seeking Alpha
Apr 26, 2:16PM Seeking Alpha
$TSM http://stks.co/3X7k --- potential action point, but there is a lot of resistance from monthly chart 16/17 area!
about 37 days ago by sssc
about 37 days ago by sssc
$TSM nice breakout today on good ER and guidance, $qcom and $brcm get their chips from here!!
about 37 days ago by tbleile
about 37 days ago by tbleile
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TSM | 13.06 | -0.67 | -4.88% | 71.17B |
| TSLA | 28.15 | -1.35 | -4.58% | 3.086B |
| TSL | 6.35 | +0.20 | +3.25% | 488.86M |
| TSH | 37.10 | +0.00 | +0.00% | 76.80M |
| TSEM | 0.7436 | -0.03 | -3.49% | 245.24M |
| TSCO | 89.59 | -1.76 | -1.93% | 6.561B |
| TSCM | 1.59 | -0.04 | -2.45% | |
| TMP | 36.35 | -0.26 | -0.71% | 408.57M |
| TMO | 49.13 | -1.35 | -2.67% | 18.47B |
| TMNG | 2.45 | +0.00 | +0.00% | 17.37M |
