Taiwan Semiconductor Mfg. (NYSE:TSM) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, The Fly reports.

Several other research analysts have also commented on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 20th. UBS Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research note on Monday, July 2nd. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research note on Monday, July 2nd. Nomura upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Taiwan Semiconductor Mfg. has an average rating of “Buy” and a consensus target price of $46.00.

Shares of NYSE TSM traded down $0.20 during trading hours on Tuesday, hitting $43.56. 8,812,748 shares of the stock were exchanged, compared to its average volume of 7,627,696. The company has a quick ratio of 1.86, a current ratio of 2.07 and a debt-to-equity ratio of 0.06. The firm has a market cap of $230.31 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06. Taiwan Semiconductor Mfg. has a 12 month low of $35.35 and a 12 month high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 19th. The semiconductor company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $233.28 billion during the quarter, compared to analyst estimates of $230.77 billion. Taiwan Semiconductor Mfg. had a net margin of 34.74% and a return on equity of 23.10%. Taiwan Semiconductor Mfg.’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 EPS. equities research analysts anticipate that Taiwan Semiconductor Mfg. will post 2.25 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in Taiwan Semiconductor Mfg. by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 56,872,504 shares of the semiconductor company’s stock worth $2,079,260,000 after purchasing an additional 1,564,185 shares during the last quarter. Bank of New York Mellon Corp grew its position in Taiwan Semiconductor Mfg. by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock worth $1,633,286,000 after purchasing an additional 2,367,792 shares during the last quarter. Fisher Asset Management LLC grew its position in Taiwan Semiconductor Mfg. by 0.9% during the 2nd quarter. Fisher Asset Management LLC now owns 34,189,101 shares of the semiconductor company’s stock worth $1,249,954,000 after purchasing an additional 320,062 shares during the last quarter. Sanders Capital LLC grew its position in Taiwan Semiconductor Mfg. by 0.7% during the 2nd quarter. Sanders Capital LLC now owns 32,958,241 shares of the semiconductor company’s stock worth $1,320,838,000 after purchasing an additional 242,560 shares during the last quarter. Finally, WCM Investment Management CA grew its position in Taiwan Semiconductor Mfg. by 5.1% during the 2nd quarter. WCM Investment Management CA now owns 22,637,189 shares of the semiconductor company’s stock worth $827,616,000 after purchasing an additional 1,092,330 shares during the last quarter. 19.17% of the stock is currently owned by institutional investors.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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