Taiwan Semiconductor Manufacturing’s (TSM) Buy Rating Reiterated at Needham & Company LLC

Taiwan Semiconductor Manufacturing (NYSE:TSM)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $225.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 8.73% from the company’s previous close.

TSM has been the topic of a number of other reports. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 2.7 %

TSM stock opened at $206.93 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.07 trillion, a PE ratio of 33.16, a PEG ratio of 0.76 and a beta of 1.07. Taiwan Semiconductor Manufacturing has a 1-year low of $100.00 and a 1-year high of $222.20. The business’s 50 day simple moving average is $197.26 and its 200 day simple moving average is $183.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.92 EPS for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of TSM. Axxcess Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 55.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock valued at $1,940,000 after acquiring an additional 3,991 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 113,657 shares of the semiconductor company’s stock valued at $19,755,000 after acquiring an additional 2,578 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Taiwan Semiconductor Manufacturing by 33.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,968 shares of the semiconductor company’s stock valued at $5,383,000 after acquiring an additional 7,727 shares during the period. Blair William & Co. IL lifted its position in shares of Taiwan Semiconductor Manufacturing by 24.2% during the 2nd quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock valued at $13,840,000 after acquiring an additional 15,522 shares during the period. Finally, Waterloo Capital L.P. lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 2nd quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 182 shares during the period. 16.51% of the stock is currently owned by institutional investors.

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.