Taiwan Semiconductor Manufacturing (NYSE:TSM) Lifted to Buy at StockNews.com

Taiwan Semiconductor Manufacturing (NYSE:TSM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

TSM has been the subject of several other research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $146.21 on Thursday. The stock has a market capitalization of $758.31 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.09 and a beta of 1.15. The business has a 50-day moving average of $134.31 and a two-hundred day moving average of $110.65. Taiwan Semiconductor Manufacturing has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing will post 6.15 EPS for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Taiwan Semiconductor Manufacturing by 27.7% during the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after buying an additional 7,045,899 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 108,945.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after purchasing an additional 5,466,898 shares in the last quarter. Capital World Investors raised its position in Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 330.5% in the third quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock worth $417,374,000 after purchasing an additional 3,687,249 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 29.6% during the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.