Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Raised to $255.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target lifted by Barclays from $240.00 to $255.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price target points to a potential upside of 19.65% from the company’s previous close.

A number of other analysts have also commented on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of TSM traded down $1.67 during trading hours on Friday, hitting $213.12. The company had a trading volume of 13,105,864 shares, compared to its average volume of 17,574,549. Taiwan Semiconductor Manufacturing has a 52-week low of $109.48 and a 52-week high of $222.20. The firm has a fifty day moving average price of $197.53 and a 200-day moving average price of $183.96. The stock has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 6.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently modified their holdings of the business. FWG Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% during the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 50 shares during the period. Elmwood Wealth Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after buying an additional 50 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 52 shares in the last quarter. XML Financial LLC boosted its stake in Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock worth $525,000 after purchasing an additional 53 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,469 shares of the semiconductor company’s stock worth $488,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.