Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Rating Reaffirmed by Needham & Company LLC

Taiwan Semiconductor Manufacturing (NYSE:TSM)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a research note issued on Thursday, Benzinga reports. They currently have a $168.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 31.55% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

TSM opened at $127.71 on Thursday. Taiwan Semiconductor Manufacturing has a 1-year low of $81.21 and a 1-year high of $158.40. The firm has a 50-day moving average price of $136.50 and a two-hundred day moving average price of $113.02. The stock has a market capitalization of $662.36 billion, a PE ratio of 24.65, a PEG ratio of 1.06 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.

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

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the period. MBM Wealth Consultants LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $29,000. Finally, PCA Investment Advisory Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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.