Susquehanna Issues Pessimistic Forecast for Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target decreased by Susquehanna from $265.00 to $250.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective points to a potential upside of 63.45% from the company’s previous close.

Other equities analysts have also issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.8 %

TSM stock traded up $1.28 during midday trading on Thursday, reaching $152.95. The stock had a trading volume of 12,172,417 shares, compared to its average volume of 15,865,196. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $793.26 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.66 and a beta of 1.16. The business has a fifty day simple moving average of $175.99 and a two-hundred day simple moving average of $190.27. Taiwan Semiconductor Manufacturing has a twelve month low of $125.78 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently made changes to their positions in TSM. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Finally, Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors 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.