Taiwan Semiconductor Manufacturing (NYSE:TSM) Rating Reiterated by Needham & Company LLC

Taiwan Semiconductor Manufacturing (NYSE:TSM)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports. They currently have a $168.00 target price on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 31.55% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $127.71 on Thursday. The company has a market capitalization of $662.36 billion, a PE ratio of 24.65, a PEG ratio of 1.06 and a beta of 1.15. The business has a fifty day moving average price of $136.50 and a 200-day moving average price of $113.02. Taiwan Semiconductor Manufacturing has a 1-year low of $81.21 and a 1-year 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 announced its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The company had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing will post 6.15 EPS for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Everett Harris & Co. CA increased its holdings in Taiwan Semiconductor Manufacturing by 2.4% in the 1st quarter. Everett Harris & Co. CA now owns 92,542 shares of the semiconductor company’s stock worth $12,590,000 after acquiring an additional 2,200 shares in the last quarter. Veracity Capital LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 13.3% in the 1st quarter. Veracity Capital LLC now owns 8,177 shares of the semiconductor company’s stock worth $1,112,000 after purchasing an additional 963 shares in the last quarter. Willis Johnson & Associates Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $224,000. Tran Capital Management L.P. bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $16,159,000. Finally, Accel Wealth Management purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $257,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

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.