Zacks Investment Research lowered shares of Taiwan Semiconductor Mfg. (NYSE:TSM) from a buy rating to a sell rating in a report published on Tuesday morning.

According to Zacks, “Taiwan Semiconductor Manufacturer Co is the world’s largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC’s goal is to establish itself as one of the world’s leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world. “

A number of other analysts have also commented on TSM. ValuEngine lowered Taiwan Semiconductor Mfg. from a strong-buy rating to a buy rating in a research note on Thursday, April 19th. Sanford C. Bernstein reissued a market perform rating and set a $42.00 price target (up from $40.00) on shares of Taiwan Semiconductor Mfg. in a research note on Tuesday, February 13th. Credit Suisse Group raised Taiwan Semiconductor Mfg. from a neutral rating to an outperform rating in a research note on Tuesday, February 20th. Goldman Sachs raised Taiwan Semiconductor Mfg. from a neutral rating to a buy rating in a research note on Monday, January 22nd. Finally, HSBC raised Taiwan Semiconductor Mfg. from a hold rating to a buy rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $46.00.

Shares of TSM stock opened at $38.17 on Tuesday. Taiwan Semiconductor Mfg. has a 12 month low of $33.04 and a 12 month high of $46.57. The stock has a market cap of $197,949.61, a PE ratio of 17.59, a PEG ratio of 1.08 and a beta of 0.90. The company has a current ratio of 2.22, a quick ratio of 2.02 and a debt-to-equity ratio of 0.06.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 19th. The semiconductor company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 34.83% and a return on equity of 24.29%. The firm had revenue of $248.08 billion for the quarter, compared to analyst estimates of $250.89 billion. During the same period in the previous year, the business posted $3.38 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities analysts predict that Taiwan Semiconductor Mfg. will post 2.35 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Atlantic Trust Group LLC acquired a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth approximately $2,995,000. Diversified Trust Co lifted its stake in shares of Taiwan Semiconductor Mfg. by 18.7% in the fourth quarter. Diversified Trust Co now owns 78,981 shares of the semiconductor company’s stock worth $3,132,000 after acquiring an additional 12,430 shares during the period. Thomas White International Ltd. lifted its stake in shares of Taiwan Semiconductor Mfg. by 5.2% in the fourth quarter. Thomas White International Ltd. now owns 519,573 shares of the semiconductor company’s stock worth $20,601,000 after acquiring an additional 25,528 shares during the period. Maverick Capital Ltd. lifted its stake in shares of Taiwan Semiconductor Mfg. by 82.3% in the fourth quarter. Maverick Capital Ltd. now owns 165,220 shares of the semiconductor company’s stock worth $6,551,000 after acquiring an additional 74,580 shares during the period. Finally, NINE MASTS CAPITAL Ltd acquired a new position in shares of Taiwan Semiconductor Mfg. in the fourth quarter worth approximately $3,907,000. 19.26% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.

Get a free copy of the Zacks research report on Taiwan Semiconductor Mfg. (TSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.