StockNews.com Upgrades Taiwan Semiconductor Manufacturing (NYSE:TSM) to “Buy”

Taiwan Semiconductor Manufacturing (NYSE:TSM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

TSM has been the subject of a number of other reports. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.5 %

Taiwan Semiconductor Manufacturing stock traded down $3.27 during midday trading on Monday, reaching $211.52. The stock had a trading volume of 21,549,070 shares, compared to its average volume of 11,245,926. The stock’s 50-day simple moving average is $198.02 and its 200 day simple moving average is $184.52. Taiwan Semiconductor Manufacturing has a twelve month low of $109.48 and a twelve month high of $222.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $1.10 trillion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. Analysts expect that Taiwan Semiconductor Manufacturing will post 6.92 EPS for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at about $25,000. Fairscale Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Archer Investment Corp lifted its stake in Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $40,000. Institutional investors own 16.51% of the company’s stock.

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.