Taiwan Semiconductor Manufacturing (NYSE:TSM) Rating Lowered to "Hold" at StockNews.com

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Several other brokerages have also recently issued reports on TSM. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

NYSE:TSM traded up $2.45 on Friday, reaching $192.99. 12,678,521 shares of the company's stock were exchanged, compared to its average volume of 15,532,930. The company has a quick ratio of 2.21, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14. The business has a fifty day moving average of $180.45 and a 200-day moving average of $167.88. Taiwan Semiconductor Manufacturing has a 52-week low of $89.46 and a 52-week high of $212.60.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently bought and sold shares of TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Finally, NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $29,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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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