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.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $257.92 billion. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.62%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $3.47 EPS. As a group, research analysts forecast that Taiwan Semiconductor Mfg. will post 2.2 EPS for the current fiscal year.

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.

See Also: What is a Roth IRA?

Analyst Recommendations for Taiwan Semiconductor Mfg. (NYSE:TSM)

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.