Brokerages Set Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) PT at $51.00

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Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) have received a consensus rating of “Buy” from the five analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $51.00.

A number of analysts recently issued reports on the company. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 4th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Taiwan Semiconductor Mfg. in a research report on Monday, September 30th. Finally, ValuEngine downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of NYSE:TSM traded up $0.54 during midday trading on Tuesday, reaching $54.94. The company had a trading volume of 5,426,513 shares, compared to its average volume of 4,963,977. The company has a quick ratio of 1.52, a current ratio of 1.72 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $52.40 and its 200 day moving average price is $44.74. The stock has a market cap of $282.12 billion, a PE ratio of 24.53, a P/E/G ratio of 2.44 and a beta of 1.00. Taiwan Semiconductor Mfg. has a 1-year low of $34.22 and a 1-year high of $55.03.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $9.40 billion for the quarter. Taiwan Semiconductor Mfg. had a return on equity of 20.05% and a net margin of 31.58%. On average, research analysts expect that Taiwan Semiconductor Mfg. will post 2.14 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in Taiwan Semiconductor Mfg. during the third quarter worth approximately $25,000. Quest Capital Management Inc. ADV acquired a new position in Taiwan Semiconductor Mfg. during the third quarter worth approximately $32,000. Trustcore Financial Services LLC increased its position in Taiwan Semiconductor Mfg. by 129.9% during the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in Taiwan Semiconductor Mfg. during the third quarter worth approximately $33,000. Finally, JNBA Financial Advisors increased its position in Taiwan Semiconductor Mfg. by 87.5% during the second quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after buying an additional 421 shares during the last quarter. 19.31% of the stock is currently owned by hedge funds and other 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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