Taiwan Semiconductor Manufacturing (NYSE:TSM) Rating Increased to Buy at StockNews.com

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

A number of other brokerages also recently issued reports on TSM. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $3.27 during trading on Monday, hitting $211.52. The company had a trading volume of 21,549,070 shares, compared to its average volume of 11,245,926. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $198.02 and a 200-day moving average price of $184.52. Taiwan Semiconductor Manufacturing has a 1-year low of $109.48 and a 1-year high of $222.20. The firm has a market cap of $1.10 trillion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, analysts expect that Taiwan Semiconductor Manufacturing will post 6.92 earnings per share for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in TSM. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $25,000. Fairscale Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $32,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Archer Investment Corp grew its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 62 shares during the period. Finally, Abich Financial Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 108.0% in the second quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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