Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Increased to $150.00 by Analysts at Barclays

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective upped by stock analysts at Barclays from $145.00 to $150.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price objective suggests a potential upside of 17.46% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Down 3.5 %

Shares of TSM opened at $127.70 on Friday. Taiwan Semiconductor Manufacturing has a 1-year low of $81.21 and a 1-year high of $158.40. The firm has a market capitalization of $662.31 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.02 and a beta of 1.15. The firm’s 50-day moving average price is $136.50 and its 200-day moving average price is $113.21. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.21% and a net margin of 38.15%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.13 EPS for the current year.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

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

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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.