Taiwan Semiconductor Mfg. (TSM) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. (NYSE:TSM) from a hold rating to a buy rating in a research note published on Thursday morning. The firm currently has $50.00 target price on the semiconductor company’s stock.

According to Zacks, “Taiwan Semiconductor Manufacturer Co is the world’s largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC’s goal is to establish itself as one of the world’s leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world. “

How to Become a New Pot Stock Millionaire

Several other equities analysts have also recently weighed in on TSM. Sanford C. Bernstein reiterated a market perform rating and issued a $42.00 price objective (up previously from $40.00) on shares of Taiwan Semiconductor Mfg. in a research note on Tuesday, February 13th. Credit Suisse Group upgraded shares of Taiwan Semiconductor Mfg. from a neutral rating to an outperform rating in a research note on Tuesday, February 20th. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a hold rating to a buy rating in a research note on Friday, February 2nd. HSBC upgraded shares of Taiwan Semiconductor Mfg. from a hold rating to a buy rating in a research note on Tuesday, January 16th. Finally, Goldman Sachs upgraded shares of Taiwan Semiconductor Mfg. from a neutral rating to a buy rating in a research note on Monday, January 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $39.67.

Taiwan Semiconductor Mfg. stock opened at $42.58 on Thursday. Taiwan Semiconductor Mfg. has a one year low of $31.49 and a one year high of $46.57. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.06. The firm has a market cap of $226,576.33, a P/E ratio of 19.62, a PEG ratio of 1.17 and a beta of 0.87.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 23.73%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.15 billion. research analysts expect that Taiwan Semiconductor Mfg. will post 2.5 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the 4th quarter worth approximately $109,000. Steward Partners Investment Advisory LLC purchased a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter worth approximately $113,000. Financial Gravity Companies Inc. purchased a new stake in Taiwan Semiconductor Mfg. in the 4th quarter worth approximately $114,000. Wagner Wealth Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the 4th quarter worth approximately $121,000. Finally, Delpha Capital Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the 4th quarter worth approximately $131,000. 19.27% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3299210/taiwan-semiconductor-mfg-tsm-raised-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Taiwan Semiconductor Mfg. (TSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Mineum  Achieves Market Cap of $283,900.00
Mineum Achieves Market Cap of $283,900.00
MagicCoin  Trading Down 12.9% Over Last Week
MagicCoin Trading Down 12.9% Over Last Week
Financial Comparison: Hologic  vs. Check Cap
Financial Comparison: Hologic vs. Check Cap
Cubic  Lowered to “Strong Sell” at Zacks Investment Research
Cubic Lowered to “Strong Sell” at Zacks Investment Research
$4.67 EPS Expected for Goldman Sachs  This Quarter
$4.67 EPS Expected for Goldman Sachs This Quarter
Verastem  Stock Price Down 0%
Verastem Stock Price Down 0%


© 2006-2018 Ticker Report. Google+.