Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.00.

TSM has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 27th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. Daiwa Capital Markets cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th.

A number of hedge funds and other institutional investors have recently modified their holdings of TSM. Steward Partners Investment Advisory LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $113,000. Bruderman Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $115,000. AGF Investments Inc. grew its stake in Taiwan Semiconductor Manufacturing by 63.8% in the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 1,416 shares during the last quarter. Pictet & Cie Europe SA grew its stake in Taiwan Semiconductor Manufacturing by 30.6% in the 2nd quarter. Pictet & Cie Europe SA now owns 28,110 shares of the semiconductor company’s stock valued at $193,000 after acquiring an additional 6,586 shares during the last quarter. Finally, Conning Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $201,000. 19.63% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing (TSM) opened at $39.01 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 2.36. Taiwan Semiconductor Manufacturing has a 12 month low of $28.50 and a 12 month high of $43.02. The firm has a market cap of $197,640.00, a price-to-earnings ratio of 18.32, a PEG ratio of 1.21 and a beta of 0.74.

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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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