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

Taiwan Semiconductor Manufacturing (NYSE:TSM) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

TSM has been the subject of a number of other reports. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $202.46 on Tuesday. Taiwan Semiconductor Manufacturing has a fifty-two week low of $112.61 and a fifty-two week high of $226.40. The business’s fifty day moving average is $201.42 and its two-hundred day moving average is $185.89. 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 market cap of $1.05 trillion, a PE ratio of 28.76, a P/E/G ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.12 earnings per share for the current year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several large investors have recently made changes to their positions in TSM. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Archer Investment Corp boosted its holdings 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 acquiring an additional 62 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.