Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report)‘s stock had its “buy” rating restated by Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They currently have a $225.00 target price on the semiconductor company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 6.37% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.
View Our Latest Analysis on TSM
Taiwan Semiconductor Manufacturing Stock Performance
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing
Hedge funds and other institutional investors have recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at about $25,000. Fairscale Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Archer Investment Corp boosted its stake in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the period. Finally, Abich Financial Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 108.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
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 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.
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