Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Receives Average Rating of “Hold” from Brokerages

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$27.00.

TSM has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Daiwa Capital Markets downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th.

Several hedge funds have recently bought and sold shares of the business. Auxier Asset Management purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $206,000. Evergreen Capital Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $450,000. Trexquant Investment LP purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $397,000. Hosking Partners LLP raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the third quarter. Hosking Partners LLP now owns 1,694,559 shares of the company’s stock worth $63,631,000 after acquiring an additional 8,689 shares in the last quarter. Finally, AGF Investments Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 63.8% during the third quarter. AGF Investments Inc. now owns 3,636 shares of the company’s stock worth $137,000 after acquiring an additional 1,416 shares in the last quarter. 19.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Taiwan Semiconductor Manufacturing (NYSE TSM) opened at C$41.72 on Monday. The firm has a market cap of $216,359.92, a P/E ratio of 19.50, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.60 and a quick ratio of 1.48. Taiwan Semiconductor Manufacturing has a one year low of C$28.34 and a one year high of C$42.71.

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Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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