Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) have earned an average recommendation of “Buy” from the eleven brokerages that are presently covering the company. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $30.50.

A number of research analysts recently commented on TSM shares. HSBC downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, October 4th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, September 21st. Finally, Bank of America Corp. reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, September 19th.

Taiwan Semiconductor Manufacturing (NYSE:TSM) traded up 1.197% during mid-day trading on Tuesday, hitting $30.005. The company had a trading volume of 3,696,353 shares. The stock’s 50 day moving average price is $30.56 and its 200 day moving average price is $28.08. Taiwan Semiconductor Manufacturing has a 52-week low of $20.45 and a 52-week high of $31.62. The firm has a market cap of $155.61 billion, a P/E ratio of 16.263 and a beta of 0.94.

Hedge funds have recently made changes to their positions in the company. PineBridge Investments L.P. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.3% in the second quarter. PineBridge Investments L.P. now owns 4,036 shares of the company’s stock worth $106,000 after buying an additional 275 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $120,000. Howe & Rusling Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock worth $121,000 after buying an additional 458 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Taiwan Semiconductor Manufacturing by 117.5% in the second quarter. Glenmede Trust Co. NA now owns 4,800 shares of the company’s stock worth $125,000 after buying an additional 2,593 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 211.0% in the third quarter. NEXT Financial Group Inc now owns 4,227 shares of the company’s stock worth $129,000 after buying an additional 2,868 shares during the last quarter. Institutional investors and hedge funds own 19.35% 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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