Barclays Boosts Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target to $240.00

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its price objective raised by equities research analysts at Barclays from $215.00 to $240.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. Barclays's price target indicates a potential upside of 18.58% from the company's current price.

A number of other equities research analysts have also recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Trading Up 2.4%

NYSE TSM traded up $4.78 during mid-day trading on Tuesday, reaching $202.39. 13,506,692 shares of the stock were exchanged, compared to its average volume of 15,851,465. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a 50 day simple moving average of $172.06 and a 200-day simple moving average of $187.56. Taiwan Semiconductor Manufacturing has a one year low of $133.57 and a one year high of $226.40. The stock has a market cap of $1.05 trillion, a P/E ratio of 28.75, a P/E/G ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of TSM. WP Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock worth $843,000 after buying an additional 50 shares during the last quarter. Heritage Wealth Advisors lifted its holdings in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 50 shares during the last quarter. First Heartland Consultants Inc. boosted its position in Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock worth $244,000 after purchasing an additional 50 shares during the period. Formidable Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after purchasing an additional 50 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after purchasing an additional 55 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.