Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $130.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective boosted by TD Cowen from $100.00 to $130.00 in a report issued on Thursday, MarketBeat reports. The firm presently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s price objective suggests a potential upside of 1.79% from the company’s current price.

A number of other equities research analysts have also recently weighed in on TSM. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $127.71 on Thursday. The stock has a market capitalization of $662.36 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.06 and a beta of 1.15. Taiwan Semiconductor Manufacturing has a one year low of $81.21 and a one year high of $158.40. The company’s 50-day simple moving average is $136.50 and its 200-day simple moving average is $113.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. Financial Gravity Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $27,000. Sachetta LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $29,000. Finally, PCA Investment Advisory Services Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.