Susquehanna Issues Pessimistic Forecast for Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its price target cut by Susquehanna from $265.00 to $250.00 in a report released on Thursday,Benzinga reports. The firm presently has a "positive" rating on the semiconductor company's stock. Susquehanna's target price suggests a potential upside of 64.63% from the company's previous close.

Several other brokerages also recently commented on TSM. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $0.19 on Thursday, reaching $151.86. The company's stock had a trading volume of 27,206,037 shares, compared to its average volume of 15,766,085. The company has a 50-day simple moving average of $173.73 and a 200 day simple moving average of $189.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $787.61 billion, a P/E ratio of 21.57, a PEG ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc lifted its position in shares of Taiwan Semiconductor Manufacturing by 120.7% during the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after buying an additional 9,683 shares during the last quarter. M&T Bank Corp lifted its position in Taiwan Semiconductor Manufacturing by 12.4% during the third quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company's stock valued at $41,979,000 after acquiring an additional 26,715 shares during the last quarter. Advisory Resource Group boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock valued at $1,387,000 after acquiring an additional 107 shares in the last quarter. Virtu Financial LLC grew its holdings in Taiwan Semiconductor Manufacturing by 242.1% in the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after purchasing an additional 20,289 shares during the last quarter. Finally, Chelsea Counsel Co. increased its position in shares of Taiwan Semiconductor Manufacturing by 25.0% during the third quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company's stock worth $87,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Company Profile

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.