Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Given Average Rating of “Buy” by Analysts

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) have been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.67.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, March 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $42.00 price objective (up from $40.00) on shares of Taiwan Semiconductor Mfg. in a research report on Tuesday, February 13th. Credit Suisse Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 20th. Finally, Goldman Sachs upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research report on Monday, January 22nd.

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Shares of Taiwan Semiconductor Mfg. stock opened at $43.38 on Thursday. The firm has a market cap of $223,361.02, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Taiwan Semiconductor Mfg. has a 1-year low of $31.49 and a 1-year high of $46.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly 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. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.15 billion. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 23.73%. equities analysts expect that Taiwan Semiconductor Mfg. will post 2.5 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in TSM. SeaCrest Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $109,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $113,000. Financial Gravity Companies Inc. bought a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $114,000. Wagner Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $121,000. Finally, Delpha Capital Management LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $131,000. Hedge funds and other institutional investors own 19.29% of the company’s stock.

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About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.

Analyst Recommendations for Taiwan Semiconductor Mfg. (NYSE:TSM)

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