Taiwan Semiconductor Mfg. (NYSE:TSM)‘s stock had its “market perform” rating restated by Sanford C. Bernstein in a note issued to investors on Tuesday. They currently have a $42.00 target price on the semiconductor company’s stock, up from their previous target price of $40.00. Sanford C. Bernstein’s target price indicates a potential downside of 0.33% from the stock’s current price.

Several other analysts have also issued reports on the stock. Morgan Stanley lowered shares of Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 27th. HSBC upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Goldman Sachs Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research report on Monday, January 22nd. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.

Taiwan Semiconductor Mfg. (NYSE:TSM) traded down $0.39 during mid-day trading on Tuesday, reaching $42.14. 2,288,280 shares of the company traded hands, compared to its average volume of 7,879,090. The firm has a market capitalization of $215,063.42, a price-to-earnings ratio of 19.43, a PEG ratio of 1.11 and a beta of 0.85. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. has a 52 week low of $30.54 and a 52 week high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 24.18%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.15 billion. research analysts predict that Taiwan Semiconductor Mfg. will post 2.48 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 2.7% in the second quarter. Sterling Capital Management LLC now owns 11,831 shares of the semiconductor company’s stock worth $414,000 after buying an additional 314 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 17.6% in the second quarter. Advisory Services Network LLC now owns 6,578 shares of the semiconductor company’s stock worth $230,000 after buying an additional 986 shares in the last quarter. Tower Bridge Advisors lifted its stake in shares of Taiwan Semiconductor Mfg. by 0.8% in the fourth quarter. Tower Bridge Advisors now owns 149,598 shares of the semiconductor company’s stock worth $5,932,000 after buying an additional 1,166 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 8.7% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 14,869 shares of the semiconductor company’s stock worth $639,000 after buying an additional 1,193 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 1.5% in the fourth quarter. Segment Wealth Management LLC now owns 84,370 shares of the semiconductor company’s stock worth $3,345,000 after buying an additional 1,246 shares in the last quarter. Institutional investors and hedge funds own 19.48% of the company’s stock.

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Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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

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