Taiwan Semiconductor Manufacturing (NYSE:TSM) Lowered to Hold Rating by Wall Street Zen

Key Points

• Taiwan Semiconductor Manufacturing was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in market sentiment.
• Despite the downgrade, several analysts, including Needham & Company and Citigroup, have maintained their "buy" ratings with high target prices, indicating ongoing confidence in the company's performance.
• The company reported impressive quarterly earnings of $2.47 per share, exceeding estimates and demonstrating a 44.4% year-over-year revenue growth, with a total revenue of $30.07 billion.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $233.2060 on Friday. The firm has a market capitalization of $1.21 trillion, a PE ratio of 26.59, a P/E/G ratio of 1.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The business has a 50-day moving average of $232.56 and a two-hundred day moving average of $198.86. Taiwan Semiconductor Manufacturing has a 12 month low of $134.25 and a 12 month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The firm's revenue was up 44.4% on a year-over-year basis. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently bought and sold shares of the business. Resources Management Corp CT ADV acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $33,000. Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. First Command Advisory Services Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 174.1% in the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 101 shares in the last quarter. Finally, City Holding Co. grew its position in shares of Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

About Taiwan Semiconductor Manufacturing

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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