Taiwan Semiconductor Manufacturing (NYSE:TSM) Cut to “Hold” at StockNews.com

Taiwan Semiconductor Manufacturing (NYSE:TSM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research firms also recently issued reports on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $186.01 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing has a twelve month low of $95.25 and a twelve month high of $212.60. The company has a market cap of $964.72 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The company’s 50 day moving average is $185.79 and its 200 day moving average is $171.92.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Research analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.73 EPS for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% in the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after buying an additional 3,783,802 shares in the last quarter. Capital World Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after acquiring an additional 704,804 shares during the period. Fisher Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock valued at $4,995,984,000 after buying an additional 359,854 shares during the last quarter. Capital International Investors grew its position in shares of Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after buying an additional 5,643,949 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after acquiring an additional 122,828 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.