Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) from a negative rating to a neutral rating in a report issued on Tuesday morning.

Several other analysts have also issued reports on TSM. Bank of America Corp. restated a buy rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, September 19th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a sell rating to a hold rating in a report on Wednesday, June 15th. Goldman Sachs Group Inc. downgraded shares of Taiwan Semiconductor Manufacturing from a buy rating to a neutral rating in a report on Tuesday, June 28th. JPMorgan Chase & Co. downgraded shares of Taiwan Semiconductor Manufacturing from an overweight rating to a neutral rating in a report on Tuesday, July 12th. Finally, Nomura downgraded shares of Taiwan Semiconductor Manufacturing from a buy rating to a neutral rating in a report on Tuesday, July 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Taiwan Semiconductor Manufacturing presently has a consensus rating of Buy and an average target price of $25.33.

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at 30.68 on Tuesday. The stock’s 50 day moving average is $29.38 and its 200-day moving average is $26.78. The firm has a market capitalization of $159.11 billion, a P/E ratio of 17.73 and a beta of 0.95. Taiwan Semiconductor Manufacturing has a 52-week low of $20.45 and a 52-week high of $30.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by $4.11. The company earned $6.84 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. Taiwan Semiconductor Manufacturing’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $3.08 EPS. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing will post $1.89 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Capital World Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% in the second quarter. Capital World Investors now owns 63,350,615 shares of the company’s stock valued at $1,661,687,000 after buying an additional 1,773,377 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 47,365,207 shares of the company’s stock valued at $1,242,389,000 after buying an additional 507,620 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.1% in the second quarter. Fisher Asset Management LLC now owns 29,241,549 shares of the company’s stock valued at $795,370,000 after buying an additional 1,143,711 shares in the last quarter. FMR LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 9.3% in the second quarter. FMR LLC now owns 26,525,514 shares of the company’s stock valued at $695,765,000 after buying an additional 2,253,067 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $603,665,000. Hedge funds and other institutional investors own 19.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

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