Credit Suisse Group upgraded shares of Taiwan Semiconductor Mfg. (NYSE:TSM) from a neutral rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat Ratings reports.
Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein reiterated a market perform rating and issued a $42.00 target price (up from $40.00) on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, February 13th. Goldman Sachs Group upgraded Taiwan Semiconductor Mfg. from a neutral rating to a buy rating in a report on Monday, January 22nd. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a hold rating to a buy rating and set a $48.00 target price for the company in a report on Thursday, January 11th. ValuEngine upgraded Taiwan Semiconductor Mfg. from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Morgan Stanley cut Taiwan Semiconductor Mfg. from an overweight rating to an equal weight rating in a research note on Monday, November 27th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $39.00.
Shares of Taiwan Semiconductor Mfg. (TSM) opened at $43.74 on Tuesday. Taiwan Semiconductor Mfg. has a 1-year low of $30.54 and a 1-year high of $46.57. The firm has a market capitalization of $210,470.00, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11.
Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 24.18% and a net margin of 35.08%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.15 billion. sell-side analysts predict that Taiwan Semiconductor Mfg. will post 2.48 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Oaktree Capital Management LP lifted its stake in shares of Taiwan Semiconductor Mfg. by 5.5% during the 3rd quarter. Oaktree Capital Management LP now owns 4,047,500 shares of the semiconductor company’s stock worth $151,984,000 after purchasing an additional 212,375 shares during the last quarter. CAPROCK Group Inc. lifted its stake in shares of Taiwan Semiconductor Mfg. by 9.1% during the 3rd quarter. CAPROCK Group Inc. now owns 36,028 shares of the semiconductor company’s stock worth $1,353,000 after purchasing an additional 3,006 shares during the last quarter. Quantum Capital Management purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter worth $203,000. Glovista Investments LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter worth $1,314,000. Finally, South Dakota Investment Council increased its position in Taiwan Semiconductor Mfg. by 7.0% during the 3rd quarter. South Dakota Investment Council now owns 38,300 shares of the semiconductor company’s stock valued at $1,438,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 19.23% of the company’s stock.
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About Taiwan Semiconductor Mfg.
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.
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