Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 4.5%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) rose 4.5% on Friday . The stock traded as high as $150.50 and last traded at $149.15. Approximately 11,361,429 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 15,196,544 shares. The stock had previously closed at $142.79.

Wall Street Analyst Weigh In

TSM has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Finally, Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a market capitalization of $773.97 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.01 and a beta of 1.13. The business has a 50-day moving average of $139.22 and a 200-day moving average of $117.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.09. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xponance Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at $270,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Taiwan Semiconductor Manufacturing by 23.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company's stock valued at $1,200,000 after buying an additional 2,663 shares during the period. Mackenzie Financial Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 7.9% during the third quarter. Mackenzie Financial Corp now owns 85,827 shares of the semiconductor company's stock valued at $7,330,000 after buying an additional 6,319 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 44.3% during the third quarter. Chicago Partners Investment Group LLC now owns 3,937 shares of the semiconductor company's stock valued at $359,000 after buying an additional 1,209 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% during the third quarter. Whittier Trust Co. now owns 35,958 shares of the semiconductor company's stock valued at $3,125,000 after buying an additional 521 shares during the period. Hedge funds and other institutional investors 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 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.

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