Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Rating Reiterated by KeyCorp

KeyCorp restated their hold rating on shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in a research note published on Friday, October 20th. KeyCorp also issued estimates for Taiwan Semiconductor Manufacturing’s Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.31 EPS.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a buy rating to a sell rating in a research note on Tuesday, July 18th. Daiwa Capital Markets cut Taiwan Semiconductor Manufacturing from an outperform rating to a hold rating in a research note on Thursday, October 19th. BidaskClub cut Taiwan Semiconductor Manufacturing from a strong-buy rating to a buy rating in a research note on Friday, June 30th. Finally, J P Morgan Chase & Co raised Taiwan Semiconductor Manufacturing from a neutral rating to an overweight rating in a research note on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $27.00.

Taiwan Semiconductor Manufacturing (TSM) opened at 42.15 on Friday. Taiwan Semiconductor Manufacturing has a one year low of $28.34 and a one year high of $42.18. The stock has a market capitalization of $218.59 billion, a price-to-earnings ratio of 18.86 and a beta of 0.74. The stock’s 50 day moving average is $39.06 and its 200 day moving average is $36.33.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Park National Corp OH grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.3% in the 2nd quarter. Park National Corp OH now owns 6,575 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 18 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 10,266 shares of the semiconductor company’s stock valued at $359,000 after buying an additional 30 shares in the last quarter. Baldwin Investment Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 2nd quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock valued at $901,000 after buying an additional 124 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the 2nd quarter. Bahl & Gaynor Inc. now owns 16,055 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 162 shares in the last quarter. Finally, Cypress Wealth Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the 1st quarter. Cypress Wealth Advisors LLC now owns 16,166 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 163 shares in the last quarter. 19.38% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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