Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) gapped up before the market opened on Friday . The stock had previously closed at $60.48, but opened at $60.04. Taiwan Semiconductor Mfg. shares last traded at $58.31, with a volume of 4,906,878 shares traded.
A number of analysts have recently weighed in on TSM shares. Goldman Sachs Group reissued a “buy” rating and set a $55.00 price target on shares of Taiwan Semiconductor Mfg. in a research report on Monday, September 30th. China Renaissance Securities raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $51.00.
The company has a debt-to-equity ratio of 0.03, a current ratio of 1.72 and a quick ratio of 1.52. The firm has a market cap of $311.37 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.14 and a beta of 1.01. The business’s 50-day moving average price is $55.71 and its two-hundred day moving average price is $47.30.
Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $0.62 EPS for the quarter. The firm had revenue of $9.40 billion during the quarter. Taiwan Semiconductor Mfg. had a net margin of 31.58% and a return on equity of 20.05%. Equities analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.14 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in Taiwan Semiconductor Mfg. in the third quarter worth $25,000. Quest Capital Management Inc. ADV acquired a new position in Taiwan Semiconductor Mfg. in the third quarter worth $32,000. Horan Capital Advisors LLC. acquired a new position in Taiwan Semiconductor Mfg. in the third quarter worth $33,000. Prime Capital Investment Advisors LLC acquired a new position in Taiwan Semiconductor Mfg. in the third quarter worth $44,000. Finally, Optimum Investment Advisors boosted its holdings in Taiwan Semiconductor Mfg. by 140.0% in the third quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 700 shares during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.
About Taiwan Semiconductor Mfg. (NYSE:TSM)
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.
