Equities research analysts at StockNews.com began coverage on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) in a research report issued on Thursday. The firm set a “buy” rating on the semiconductor company’s stock.
A number of other research analysts have also commented on TSM. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 20th. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “positive” rating and set a $126.00 price target for the company in a report on Monday, April 17th. Finally, KGI Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, March 29th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $99.75.
Taiwan Semiconductor Manufacturing Trading Up 5.8 %
TSM opened at $90.88 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.30. Taiwan Semiconductor Manufacturing has a 12 month low of $59.43 and a 12 month high of $98.99. The firm’s fifty day simple moving average is $87.88 and its 200 day simple moving average is $84.42. The stock has a market capitalization of $471.31 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.76 and a beta of 1.10.
Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
- Get a free copy of the StockNews.com research report on Taiwan Semiconductor Manufacturing (TSM)
- 5 Best Bank ETFs to Buy Now
- How to Invest in Telehealth and Telemedicine Stocks
- Target’s Guidance Looms Over The Market
- Want Clean Energy? Siemens May Be Pointing To A Breakout
- Up Over 2,600% in 5 Years, Wall Street Still Calls Celsius a Buy
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.