Taiwan Semiconductor Manufacturing (NYSE:TSM) Earns Neutral Rating from Analysts at Atlantic Securities

Equities researchers at Atlantic Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a note issued to investors on Monday, Benzinga reports. The brokerage set a “neutral” rating on the semiconductor company’s stock.

TSM has been the subject of a number of other reports. Susquehanna Bancshares reiterated a “sell” rating and set a $74.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, January 26th. Sanford C. Bernstein raised Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price target for the company in a research report on Tuesday, January 12th. Susquehanna reissued a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, January 26th. Finally, Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $110.60.

Shares of Taiwan Semiconductor Manufacturing stock opened at $118.84 on Monday. Taiwan Semiconductor Manufacturing has a 1 year low of $49.38 and a 1 year high of $142.20. The business has a 50-day moving average of $119.60 and a two-hundred day moving average of $109.89. The company has a market capitalization of $616.31 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.56.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 14th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $12.68 billion during the quarter, compared to the consensus estimate of $12.90 billion. Taiwan Semiconductor Manufacturing had a return on equity of 28.73% and a net margin of 37.94%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing will post 4.01 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Montag A & Associates Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $26,000. TRUE Private Wealth Advisors bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,000. Pflug Koory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $33,000. Kings Point Capital Management bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $33,000. Finally, Hoese & Co LLP bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 18.27% of the company’s stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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