Taiwan Semiconductor Manufacturing (NYSE:TSM) Given New $265.00 Price Target at Susquehanna

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its price objective upped by equities research analysts at Susquehanna from $255.00 to $265.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "positive" rating on the semiconductor company's stock. Susquehanna's target price points to a potential upside of 16.35% from the company's current price.

Several other analysts also recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, Barclays reissued an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $236.25.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $227.75 on Monday. Taiwan Semiconductor Manufacturing has a 12 month low of $133.57 and a 12 month high of $237.58. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.25 and a beta of 1.29. The stock's 50 day moving average price is $206.45 and its 200 day moving average price is $192.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock valued at $214,442,000 after acquiring an additional 11,693 shares in the last quarter. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,661,000. Sentry LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $222,000. Finally, Compound Global Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 31.2% in the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after acquiring an additional 1,141 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.