Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Consensus Recommendation of “Hold” from Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been given an average rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $99.00.

TSM has been the topic of several research analyst reports. Atlantic Securities initiated coverage on Taiwan Semiconductor Manufacturing in a report on Monday, April 19th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Saturday, April 17th.

TSM stock traded up $1.05 during trading on Friday, hitting $118.18. 432,736 shares of the company traded hands, compared to its average volume of 11,625,211. The stock’s 50-day moving average is $117.11. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $612.89 billion, a P/E ratio of 32.45, a PEG ratio of 1.75 and a beta of 0.89. Taiwan Semiconductor Manufacturing has a 1 year low of $54.52 and a 1 year high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 15th. The semiconductor company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.05. The company had revenue of $12.92 billion during the quarter, compared to analysts’ expectations of $12.83 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.55% and a net margin of 38.86%. Research analysts predict that Taiwan Semiconductor Manufacturing will post 4.07 earnings per share for the current year.

Several large investors have recently modified their holdings of TSM. Vontobel Holding Ltd. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $2,638,091,000. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 554.5% during the fourth quarter. Jennison Associates LLC now owns 9,695,245 shares of the semiconductor company’s stock worth $1,057,170,000 after buying an additional 8,213,857 shares during the last quarter. Sanders Capital LLC boosted its stake in Taiwan Semiconductor Manufacturing by 6.4% during the fourth quarter. Sanders Capital LLC now owns 44,058,914 shares of the semiconductor company’s stock worth $5,179,530,000 after buying an additional 2,658,204 shares during the last quarter. BlackRock Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 23.5% during the first quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after buying an additional 2,613,327 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Taiwan Semiconductor Manufacturing by 55.2% during the first quarter. Van ECK Associates Corp now owns 7,227,419 shares of the semiconductor company’s stock worth $854,859,000 after buying an additional 2,570,257 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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