Taiwan Semiconductor Mfg. (TSM) Lifted to Buy at Goldman Sachs Group

Taiwan Semiconductor Mfg. (NYSE:TSM) was upgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

TSM has been the subject of a number of other research reports. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Thursday, January 11th. Daiwa Capital Markets downgraded shares of Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. HSBC raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley downgraded shares of Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 27th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.50.

Taiwan Semiconductor Mfg. (NYSE:TSM) opened at $44.67 on Monday. Taiwan Semiconductor Mfg. has a one year low of $29.57 and a one year high of $45.54. The stock has a market cap of $231,658.61, a PE ratio of 20.59, a P/E/G ratio of 1.21 and a beta of 0.74. The company has a quick ratio of 2.11, a current ratio of 2.36 and a debt-to-equity ratio of 0.06.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, October 19th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 24.18%. analysts anticipate that Taiwan Semiconductor Mfg. will post 2.46 EPS for the current year.

Several large investors have recently bought and sold shares of TSM. Steward Partners Investment Advisory LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter valued at approximately $113,000. AGF Investments Inc. grew its holdings in shares of Taiwan Semiconductor Mfg. by 63.8% during the third quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 1,416 shares during the last quarter. Hexavest Inc. grew its holdings in shares of Taiwan Semiconductor Mfg. by 124.8% during the fourth quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,644 shares during the last quarter. Conning Inc. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter valued at approximately $201,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.

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About Taiwan Semiconductor Mfg.

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.

The Fly

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



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