J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) from a neutral rating to an overweight rating in a research note released on Tuesday.

Several other equities analysts have also issued reports on TSM. BidaskClub lowered Taiwan Semiconductor Manufacturing from a buy rating to a hold rating in a research note on Monday, July 24th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a sell rating to a hold rating in a research note on Wednesday, September 13th. Finally, HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a buy rating to a hold rating in a research note on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $27.00.

Shares of Taiwan Semiconductor Manufacturing (TSM) opened at 39.855 on Tuesday. The firm has a 50-day moving average of $37.56 and a 200 day moving average of $35.61. The company has a market capitalization of $206.69 billion, a PE ratio of 17.832 and a beta of 0.74. Taiwan Semiconductor Manufacturing has a 12 month low of $28.34 and a 12 month high of $39.90.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.08). Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The firm had revenue of $213.86 billion for the quarter, compared to analyst estimates of $214.25 billion. During the same period last year, the company earned $2.80 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing will post $2.15 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 34.7% in the second quarter. American Century Companies Inc. now owns 968,373 shares of the semiconductor company’s stock valued at $33,854,000 after buying an additional 249,625 shares during the period. Profund Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 9.2% in the second quarter. Profund Advisors LLC now owns 230,744 shares of the semiconductor company’s stock valued at $8,067,000 after buying an additional 19,389 shares during the period. Banque Pictet & Cie SA lifted its stake in Taiwan Semiconductor Manufacturing by 2.6% in the second quarter. Banque Pictet & Cie SA now owns 176,788 shares of the semiconductor company’s stock valued at $1,212,000 after buying an additional 4,557 shares during the period. Tower Research Capital LLC TRC lifted its stake in Taiwan Semiconductor Manufacturing by 46.7% in the first quarter. Tower Research Capital LLC TRC now owns 33,570 shares of the semiconductor company’s stock valued at $1,103,000 after buying an additional 10,685 shares during the period. Finally, Mizuho Securities USA LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $524,000. 19.38% of the stock is currently owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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