ValuEngine Downgrades Taiwan Semiconductor Mfg. (TSM) to Buy

ValuEngine downgraded shares of Taiwan Semiconductor Mfg. (NYSE:TSM) from a strong-buy rating to a buy rating in a report issued on Thursday.

Other analysts also recently issued reports about the company. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Thursday, March 22nd. Goldman Sachs raised Taiwan Semiconductor Mfg. from a neutral rating to a buy rating in a research report on Monday, January 22nd. HSBC raised Taiwan Semiconductor Mfg. from a hold rating to a buy rating in a research report on Tuesday, January 16th. Sanford C. Bernstein reaffirmed a market perform rating and set a $42.00 price target (up from $40.00) on shares of Taiwan Semiconductor Mfg. in a research report on Tuesday, February 13th. Finally, Credit Suisse Group raised Taiwan Semiconductor Mfg. from a neutral rating to an outperform rating in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Taiwan Semiconductor Mfg. has an average rating of Buy and an average target price of $46.00.

How to Become a New Pot Stock Millionaire

Shares of TSM opened at $38.95 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.39 and a quick ratio of 2.18. The company has a market cap of $201,994.70, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.04 and a beta of 0.90. Taiwan Semiconductor Mfg. has a 12 month low of $31.95 and a 12 month high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 19th. The semiconductor company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). The business had revenue of $248.08 billion for the quarter, compared to analysts’ expectations of $250.89 billion. Taiwan Semiconductor Mfg. had a net margin of 34.83% and a return on equity of 24.34%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.38 earnings per share. equities research analysts predict that Taiwan Semiconductor Mfg. will post 2.37 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the fourth quarter worth $109,000. Steward Partners Investment Advisory LLC purchased a new stake in Taiwan Semiconductor Mfg. in the third quarter worth $113,000. Financial Gravity Companies Inc. purchased a new stake in Taiwan Semiconductor Mfg. in the fourth quarter worth $114,000. Wagner Wealth Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the fourth quarter worth $121,000. Finally, Delpha Capital Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the fourth quarter worth $131,000. 19.28% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/23/valuengine-downgrades-taiwan-semiconductor-mfg-tsm-to-buy.html.

Taiwan Semiconductor Mfg. Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply