Taiwan Semiconductor Manufacturing (NYSE:TSM) Earns Buy Rating from Needham & Company LLC

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They presently have a $168.00 target price on the semiconductor company's stock. Needham & Company LLC's target price indicates a potential upside of 7.53% from the stock's previous close.

A number of other research analysts have also recently weighed in on TSM. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a report on Tuesday, April 2nd. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, April 18th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.7 %

Shares of NYSE:TSM traded up $2.57 during midday trading on Wednesday, reaching $156.24. The company's stock had a trading volume of 13,355,967 shares, compared to its average volume of 14,970,953. The firm has a market cap of $810.32 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing has a 1 year low of $84.01 and a 1 year high of $158.40. The business has a 50 day moving average price of $141.23 and a 200 day moving average price of $121.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.09. The business 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 24.75% and a net margin of 38.15%. Research analysts forecast that Taiwan Semiconductor Manufacturing will post 6.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Financial Gravity Asset Management Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in 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 in the last quarter. LifeSteps Financial Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $27,000. North Star Investment Management Corp. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 181 shares in the last quarter. Finally, Sachetta LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth 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 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.