Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.3%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) traded down 1.3% on Monday . The company traded as low as $146.58 and last traded at $147.35. 3,664,015 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 15,210,123 shares. The stock had previously closed at $149.26.

Analyst Ratings Changes

Several research analysts have commented on the company. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Tuesday, April 2nd. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Needham & Company LLC reissued a "buy" rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, April 18th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 1.9 %

The company has a market cap of $759.34 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.06 and a beta of 1.13. The firm's 50 day moving average price is $139.52 and its two-hundred day moving average price is $118.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33.

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

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently modified their holdings of the company. LifeSteps Financial Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $27,000. North Star Investment Management Corp. increased its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Tsfg LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, Cherry Tree Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. 16.51% of the stock is currently owned by institutional investors.

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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