Tech new highs: Taiwan Semiconductor (NYSE:TSM), Frontier Communications Corp (NASDAQ:FTR), Windstream Holdings (NASDAQ:WIN), Finisar Corporation (NASDAQ:FNSR)

Taiwan Semiconductor Manufacturing Company (NYSE:TSMC) expects its revenues to grow 21-23% sequentially to NT$180-183 billion (US$5.97-6.07 billion) in the second quarter of 2014. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) shares after opening at $20.59 moved to $20.92 on last trade day and at the end of the day closed at $20.72. Company price to sales ratio in past twelve months was calculated as 5.43 and price to cash ratio as 13.22. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) showed a positive weekly performance of 4.54%.

Analysts at UBS AG increased their price objective on shares of Frontier Communications Corp (NYSE:FTR) from $5.00 to $6.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target would suggest a potential upside of 2.39% from the company’s current price. Frontier Communications Corp (NASDAQ:FTR) shares advanced 0.51% in last trading session and ended the day on $5.89. FTR return on equity ratio is recorded as 2.80% and its return on assets is 0.70%. Frontier Communications Corp (NASDAQ:FTR) yearly performance is 61.81%.

Windstream Hosted Solutions, part of Windstream (NASDAQ:WIN), and one of the nation’s premier providers of enterprise-class cloud and managed hosted solutions, has partnered with Racemi, a Software as a Service (SaaS) provider, to enable business to quickly and automatically migrate their existing physical and virtual servers to Windstream’s cloud. Windstream Holdings, Inc. (NASDAQ:WIN) shares moved down -1.34% in last trading session and was closed at $8.82, while trading in range of $8.80 – $9.04. Windstream Holdings, Inc. (NASDAQ:WIN) year to date (YTD) performance is 13.95%.

Finisar (NASDAQ:FNSR) has received an average rating of “Buy” from the seventeen ratings firms that are covering the company, Analyst Ratings.Net reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.40. Finisar Corporation (NASDAQ:FNSR) weekly performance is 10.67%. On last trading day company shares ended up $27.84. Finisar Corporation (NASDAQ:FNSR) distance from 50-day simple moving average (SMA50) is 12.61%. Analysts mean target price for the company is $28.58.