Taiwan Semiconductor Manufacturing (NYSE:TSM) Upgraded at Atlantic Securities

Taiwan Semiconductor Manufacturing (NYSE:TSM) was upgraded by equities research analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a report issued on Thursday, Price Targets.com reports. The brokerage currently has a $170.00 price objective on the semiconductor company’s stock, up from their prior price objective of $125.00. Atlantic Securities’ target price indicates a potential upside of 20.86% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. DZ Bank initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. They issued a “buy” rating and a $145.00 price target on the stock. Susquehanna restated a “hold” rating and issued a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, November 22nd. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Thursday. Susquehanna Bancshares restated a “hold” rating and issued a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, November 22nd. Finally, Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $139.76.

Shares of Taiwan Semiconductor Manufacturing stock opened at $140.66 on Thursday. The company has a market capitalization of $729.47 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.65 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing has a 12-month low of $107.58 and a 12-month high of $145.00. The firm’s 50-day moving average price is $122.01 and its two-hundred day moving average price is $118.35.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 14th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.93% and a return on equity of 29.08%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing will post 4.14 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. American National Bank acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Albion Financial Group UT acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $28,000. Activest Wealth Management boosted its position in Taiwan Semiconductor Manufacturing by 225.0% during the 3rd quarter. Activest Wealth Management now owns 247 shares of the semiconductor company’s stock worth $28,000 after buying an additional 171 shares during the period. Bell Investment Advisors Inc bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $32,000. Finally, Eagle Bay Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 66.3% during the 3rd quarter. Eagle Bay Advisors LLC now owns 316 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 126 shares during the last quarter.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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