Sanford C. Bernstein Reiterates “Market Perform” Rating for Taiwan Semiconductor Mfg. (TSM)

Taiwan Semiconductor Mfg. (NYSE:TSM)‘s stock had its “market perform” rating reiterated by Sanford C. Bernstein in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $42.00 target price on the semiconductor company’s stock, up from their prior target price of $40.00. Sanford C. Bernstein’s target price points to a potential downside of 0.90% from the stock’s current price.

TSM has been the subject of several other research reports. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Daiwa Capital Markets downgraded Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. HSBC upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Morgan Stanley downgraded Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 27th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.00.

Taiwan Semiconductor Mfg. (NYSE TSM) traded down $0.15 during trading hours on Tuesday, reaching $42.38. The company had a trading volume of 5,808,797 shares, compared to its average volume of 7,990,000. The company has a market capitalization of $208,480.00, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.11 and a beta of 0.85. Taiwan Semiconductor Mfg. has a 12 month low of $30.54 and a 12 month high of $46.57. 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 posted its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.15 billion. Taiwan Semiconductor Mfg. had a return on equity of 24.18% and a net margin of 35.08%. equities analysts predict that Taiwan Semiconductor Mfg. will post 2.48 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harding Loevner LP raised its position in Taiwan Semiconductor Mfg. by 1,575.4% during the third quarter. Harding Loevner LP now owns 289,009,863 shares of the semiconductor company’s stock valued at $412,105,000 after purchasing an additional 271,759,847 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Taiwan Semiconductor Mfg. by 13.0% in the third quarter. Bank of New York Mellon Corp now owns 46,289,495 shares of the semiconductor company’s stock worth $1,738,170,000 after buying an additional 5,317,439 shares during the period. Sanders Capital LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 1.8% in the fourth quarter. Sanders Capital LLC now owns 33,730,001 shares of the semiconductor company’s stock worth $1,448,910,000 after buying an additional 589,900 shares during the period. WCM Investment Management CA increased its holdings in shares of Taiwan Semiconductor Mfg. by 6.9% in the fourth quarter. WCM Investment Management CA now owns 20,613,962 shares of the semiconductor company’s stock worth $817,344,000 after buying an additional 1,327,403 shares during the period. Finally, Vontobel Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Mfg. by 14.5% in the fourth quarter. Vontobel Asset Management Inc. now owns 16,762,195 shares of the semiconductor company’s stock worth $678,880,000 after buying an additional 2,120,449 shares during the period. Institutional investors and hedge funds own 19.48% of the company’s stock.

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Taiwan Semiconductor Mfg. Company Profile

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 Mfg. (NYSE:TSM)

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