Taiwan Semiconductor Mfg. (TSM) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Taiwan Semiconductor Mfg. (NYSE:TSM) from a buy rating to a hold rating in a research report released on Friday.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Taiwan Semiconductor Mfg. from a hold rating to a sell rating in a report on Thursday, August 23rd. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an equal weight rating to an overweight rating in a research report on Tuesday, September 18th. Nomura raised shares of Taiwan Semiconductor Mfg. from a neutral rating to a buy rating in a research report on Thursday, July 19th. Susquehanna Bancshares raised shares of Taiwan Semiconductor Mfg. from a neutral rating to a positive rating in a research report on Monday, July 2nd. Finally, UBS Group raised shares of Taiwan Semiconductor Mfg. from a neutral rating to a positive rating in a research report on Monday, July 2nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $46.00.

NYSE TSM traded up $0.72 during mid-day trading on Friday, reaching $39.66. The stock had a trading volume of 7,551,619 shares, compared to its average volume of 7,579,315. Taiwan Semiconductor Mfg. has a 1 year low of $35.35 and a 1 year high of $46.57. The firm has a market cap of $229.02 billion, a P/E ratio of 18.28, a PEG ratio of 1.31 and a beta of 1.07. The company has a quick ratio of 1.86, a current ratio of 2.07 and a debt-to-equity ratio of 0.06.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 19th. The semiconductor company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Taiwan Semiconductor Mfg. had a net margin of 34.74% and a return on equity of 23.10%. The company had revenue of $233.28 billion during the quarter, compared to analyst estimates of $230.77 billion. During the same period in the previous year, the business earned $2.56 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Taiwan Semiconductor Mfg. will post 2.25 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in shares of Taiwan Semiconductor Mfg. by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 56,872,504 shares of the semiconductor company’s stock valued at $2,079,260,000 after acquiring an additional 1,564,185 shares during the period. Bank of New York Mellon Corp grew its position in shares of Taiwan Semiconductor Mfg. by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock valued at $1,633,286,000 after acquiring an additional 2,367,792 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 0.9% during the 2nd quarter. Fisher Asset Management LLC now owns 34,189,101 shares of the semiconductor company’s stock valued at $1,249,954,000 after buying an additional 320,062 shares in the last quarter. Sanders Capital LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 0.7% during the 2nd quarter. Sanders Capital LLC now owns 32,958,241 shares of the semiconductor company’s stock valued at $1,320,838,000 after buying an additional 242,560 shares in the last quarter. Finally, WCM Investment Management CA lifted its stake in shares of Taiwan Semiconductor Mfg. by 5.1% during the 2nd quarter. WCM Investment Management CA now owns 22,637,189 shares of the semiconductor company’s stock valued at $827,616,000 after buying an additional 1,092,330 shares in the last quarter. 19.16% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Mfg. Company Profile

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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