Taiwan Semiconductor Manufacturing (NYSE:TSM) Coverage Initiated at StockNews.com

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

Hedge funds have recently added to or reduced their stakes in the stock. Putnam Investments LLC increased its position in Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Putnam Investments LLC now owns 141,215 shares of the semiconductor company’s stock valued at $9,681,000 after acquiring an additional 5,031 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 75.9% during the 4th quarter. Financial Management Professionals Inc. now owns 695 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 300 shares during the period. Stephens Inc. AR increased its holdings in Taiwan Semiconductor Manufacturing by 325.8% during the 4th quarter. Stephens Inc. AR now owns 52,688 shares of the semiconductor company’s stock worth $3,925,000 after purchasing an additional 40,315 shares during the period. South Dakota Investment Council boosted its position in Taiwan Semiconductor Manufacturing by 10.3% during the 4th quarter. South Dakota Investment Council now owns 18,812 shares of the semiconductor company’s stock valued at $1,401,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 128.1% during the 3rd quarter. Jacobi Capital Management LLC now owns 11,792 shares of the semiconductor company’s stock valued at $808,000 after acquiring an additional 6,622 shares in the last quarter. 16.79% of the stock is owned by institutional investors.

About Taiwan Semiconductor Manufacturing

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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.