Taiwan Semiconductor Manufacturing (NYSE:TSM) Upgraded to "Buy (B-)" at Weiss Ratings

Key Points

• Taiwan Semiconductor Manufacturing (TSM) received an upgrade from "hold (C+)" to "buy (B-)" by Weiss Ratings, indicating growing confidence in the company's prospects.
• Multiple analysts including Citigroup and Needham & Company have recently issued buy ratings and increased price targets, with an average price target now at $371.67.
• TSM reported better-than-expected quarterly earnings with an EPS of $2.92, surpassing analysts' estimates, and showing a 40.1% year-over-year revenue increase.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) was upgraded by investment analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a note issued to investors on Friday,Weiss Ratings reports.

A number of other research analysts have also weighed in on TSM. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a research note on Friday, October 10th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, October 17th. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, October 16th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 18th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Buy" and an average price target of $371.67.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $4.49 during midday trading on Friday, hitting $295.22. 8,727,934 shares of the company traded hands, compared to its average volume of 14,480,128. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.98 and a beta of 1.28. The firm has a 50 day moving average of $267.36 and a 200-day moving average of $226.51. 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced 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. Taiwan Semiconductor Manufacturing had a return on equity of 36.06% and a net margin of 43.72%.The company had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The firm's revenue was up 40.1% on a year-over-year basis. Taiwan Semiconductor Manufacturing has set its Q4 2025 guidance at EPS. On average, analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently bought and sold shares of TSM. 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 worth $2,872,814,000 after purchasing an additional 6,180,445 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the second quarter. Bank of America Corp DE now owns 14,805,720 shares of the semiconductor company's stock worth $3,353,348,000 after purchasing an additional 115,158 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Taiwan Semiconductor Manufacturing by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,350,239 shares of the semiconductor company's stock worth $2,050,141,000 after purchasing an additional 1,984,835 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 26.7% during the second quarter. Jennison Associates LLC now owns 12,046,792 shares of the semiconductor company's stock worth $2,728,478,000 after purchasing an additional 2,537,760 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Taiwan Semiconductor Manufacturing by 18.0% during the second quarter. Alliancebernstein L.P. now owns 10,457,800 shares of the semiconductor company's stock worth $2,368,587,000 after purchasing an additional 1,593,786 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

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.

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.