Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Receives Consensus Rating of “Buy” from Brokerages
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) has been given an average recommendation of “Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $42.00.
Several analysts have recently weighed in on TSM shares. Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, ValuEngine cut shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Friday, October 12th.
NYSE TSM opened at $36.61 on Friday. Taiwan Semiconductor Mfg. has a 1 year low of $34.22 and a 1 year high of $46.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.67. The company has a market capitalization of $184.68 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 0.95 and a beta of 1.06.
Institutional investors have recently bought and sold shares of the company. Capital International Investors raised its position in Taiwan Semiconductor Mfg. by 363.5% in the 3rd quarter. Capital International Investors now owns 35,218,259 shares of the semiconductor company’s stock worth $1,555,238,000 after purchasing an additional 27,619,505 shares during the period. Federated Investors Inc. PA purchased a new position in Taiwan Semiconductor Mfg. in the 3rd quarter worth $498,534,000. First Eagle Investment Management LLC purchased a new position in Taiwan Semiconductor Mfg. in the 3rd quarter worth $210,130,000. BlackRock Inc. raised its position in Taiwan Semiconductor Mfg. by 32.1% in the 3rd quarter. BlackRock Inc. now owns 10,533,336 shares of the semiconductor company’s stock worth $465,151,000 after purchasing an additional 2,556,652 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Taiwan Semiconductor Mfg. by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock worth $1,633,286,000 after purchasing an additional 2,367,792 shares during the period. Hedge funds and other institutional investors own 19.32% of the company’s stock.
Taiwan Semiconductor Mfg. Company Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
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