Taiwan Semiconductor Manufacturing (NYSE:TSM) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Taiwan Semiconductor Manufacturing (TSM) has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating strong confidence in the stock's performance.
• Analysts have raised their price targets for TSM, with estimates ranging from $355 to $400, reflecting positive sentiment in the semiconductor market.
• The company reported a quarterly earnings per share (EPS) of $2.92, surpassing expectations and showing a 40.1% increase in revenue compared to the same quarter last year.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

A number of other analysts have also weighed in on the stock. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating for the company. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Finally, Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a research note on Friday, October 10th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $371.67.

Taiwan Semiconductor Manufacturing Stock Down 1.5%

Shares of Taiwan Semiconductor Manufacturing stock opened at $295.37 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. Taiwan Semiconductor Manufacturing has a 52-week low of $134.25 and a 52-week high of $311.37. The company's 50 day moving average price is $262.16 and its 200-day moving average price is $221.64. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.43 and a beta of 1.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 36.06%. The firm's revenue was up 40.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 EPS. Taiwan Semiconductor Manufacturing has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current year.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSM. Brighton Jones LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after acquiring an additional 1,892 shares in the last quarter. GAMMA Investing LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.0% in the first quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company's stock worth $1,511,000 after purchasing an additional 594 shares during the period. CWA Asset Management Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 46.5% in the first quarter. CWA Asset Management Group LLC now owns 3,170 shares of the semiconductor company's stock worth $526,000 after purchasing an additional 1,006 shares during the period. United Advisor Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 43.7% during the first quarter. United Advisor Group LLC now owns 1,503 shares of the semiconductor company's stock valued at $249,000 after purchasing an additional 457 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 100.0% during the first quarter. Spirit of America Management Corp NY now owns 600 shares of the semiconductor company's stock valued at $100,000 after purchasing an additional 300 shares during 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.

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.