Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was down 1% during trading on Thursday . The stock traded as low as $141.13 and last traded at $142.15. Approximately 3,044,240 shares changed hands during trading, a decline of 80% from the average daily volume of 15,191,582 shares. The stock had previously closed at $143.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The stock has a market cap of $740.57 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.01 and a beta of 1.13. The company has a 50 day simple moving average of $138.94 and a 200-day simple moving average of $117.51. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Element Capital Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $1,437,000. Blair William & Co. IL raised its position in shares of Taiwan Semiconductor Manufacturing by 5.4% during the 1st quarter. Blair William & Co. IL now owns 64,105 shares of the semiconductor company’s stock worth $8,721,000 after purchasing an additional 3,262 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 162,595 shares of the semiconductor company’s stock worth $22,121,000 after purchasing an additional 13,136 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $150,000. Finally, Lord Abbett & CO. LLC grew its stake in Taiwan Semiconductor Manufacturing by 29.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,959,436 shares of the semiconductor company’s stock worth $266,581,000 after buying an additional 441,155 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.