Barclays Forecasts Strong Price Appreciation for Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) had its price objective increased by equities researchers at Barclays from $240.00 to $255.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s target price indicates a potential upside of 20.56% from the stock’s current price.

A number of other brokerages have also weighed in on TSM. StockNews.com lowered shares of 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 set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

Read Our Latest Report on TSM

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $211.52 on Friday. The stock has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50-day moving average of $198.02 and a 200 day moving average of $184.44. Taiwan Semiconductor Manufacturing has a 12 month low of $109.48 and a 12 month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing will post 6.92 earnings per share for the current year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSM. Private Client Services LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $201,000. Trust Co of the South raised its holdings in shares of Taiwan Semiconductor Manufacturing by 232.8% in the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after buying an additional 6,204 shares during the last quarter. Headwater Capital Co Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $49,372,000. NRI Wealth Management LC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,545,000. Finally, HF Advisory Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 55.5% during the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after acquiring an additional 4,907 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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