Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Rating Lowered by 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 report issued on Friday.

TSM has been the subject of a number of other reports. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $192.95 on Friday. The company has a market cap of $1.00 trillion, a PE ratio of 30.92, a P/E/G ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing has a 12 month low of $89.46 and a 12 month high of $212.60. The company has a fifty day moving average price of $180.45 and a two-hundred day moving average price of $168.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.21.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of the stock. Norden Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $244,000. J.W. Cole Advisors Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 10.6% in the first quarter. J.W. Cole Advisors Inc. now owns 5,477 shares of the semiconductor company’s stock valued at $747,000 after purchasing an additional 526 shares during the last quarter. Private Advisor Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 9.0% during the 1st quarter. Private Advisor Group LLC now owns 50,560 shares of the semiconductor company’s stock valued at $6,879,000 after purchasing an additional 4,157 shares during the period. Mission Wealth Management LP grew its stake in shares of Taiwan Semiconductor Manufacturing by 17.0% in the first quarter. Mission Wealth Management LP now owns 6,625 shares of the semiconductor company’s stock worth $901,000 after acquiring an additional 963 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 7.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 333,581 shares of the semiconductor company’s stock worth $45,384,000 after purchasing an additional 22,710 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.