Susquehanna Issues Positive Forecast for Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its price objective boosted by Susquehanna from $250.00 to $255.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "positive" rating on the semiconductor company's stock. Susquehanna's price objective indicates a potential upside of 18.74% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $218.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $0.92 during trading hours on Tuesday, reaching $214.76. The company had a trading volume of 4,211,388 shares, compared to its average volume of 15,685,931. The firm has a market cap of $1.11 trillion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing has a one year low of $133.57 and a one year high of $226.40. 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 business has a fifty day simple moving average of $181.73 and a 200 day simple moving average of $189.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current fiscal 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. New Vernon Capital Holdings II LLC grew its holdings in Taiwan Semiconductor Manufacturing by 16,500.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 6,707,064 shares of the semiconductor company's stock worth $1,113,373,000 after acquiring an additional 6,666,660 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock valued at $2,872,814,000 after buying an additional 6,180,445 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares in the last quarter. Nuveen LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at about $482,676,000. Finally, FMR LLC boosted its stake in Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. 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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