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.
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.
