Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Receives $48.50 Consensus Target Price from Brokerages

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Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) have been given an average rating of “Buy” by the five research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $48.50.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, August 3rd. ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Finally, Goldman Sachs Group started coverage on Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price target on the stock.

Shares of TSM traded down $0.27 during midday trading on Friday, reaching $41.08. 25,657 shares of the company were exchanged, compared to its average volume of 6,354,385. The stock has a 50-day moving average price of $42.03 and a 200-day moving average price of $40.83. The company has a market cap of $212.99 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 3.22 and a beta of 1.02. Taiwan Semiconductor Mfg. has a 1-year low of $34.22 and a 1-year high of $45.64. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $241 billion for the quarter, compared to analyst estimates of $236.65 billion. Taiwan Semiconductor Mfg. had a return on equity of 19.37% and a net margin of 31.42%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.79 EPS. Equities research analysts anticipate that Taiwan Semiconductor Mfg. will post 2.02 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in Taiwan Semiconductor Mfg. by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 39,362,944 shares of the semiconductor company’s stock valued at $1,541,848,000 after buying an additional 212,600 shares during the last quarter. Sanders Capital LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 2.8% during the second quarter. Sanders Capital LLC now owns 36,914,907 shares of the semiconductor company’s stock valued at $1,597,773,000 after purchasing an additional 1,011,400 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 3.7% during the second quarter. WCM Investment Management LLC now owns 25,737,901 shares of the semiconductor company’s stock valued at $1,008,153,000 after purchasing an additional 926,095 shares during the last quarter. FMR LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 17.0% during the first quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock valued at $756,013,000 after purchasing an additional 2,687,148 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 32.8% during the first quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock valued at $645,953,000 after purchasing an additional 3,897,469 shares during the last quarter. Institutional investors and hedge funds own 19.48% of the company’s stock.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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