Bernstein Starts Asian Semi Stocks: TSM at Outperform, SPIL, ASX, UMC at Market Perform, SMI at Underperform

An analyst at Bernstein initiated coverage on seven Asia-based stocks in the Semi sector Tuesday morning:

• Taiwan Semi (NYSE: TSM) with an Outperform rating and a $15 price target
  
• MStar with an Outperform rating
  
• Silicon Precision (Nasdaq: SPIL) with a Market Perform rating and a $5.80 price target
  
• Advanced Semi Engineering (NYSE: ASX) with a Market Perform rating and a $5.50 price target
  
• United Micro (NYSE: UMC) with a Market Perform rating and a $2.40 price target
  
• Semiconductor Manufacturing (NYSE: SMI) with an Underperform rating and a $1.80 price target
  
• MediaTek with an Underperform rating

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