Bank of America Corp. reiterated their buy rating on shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) in a research note released on Monday morning.

A number of other research analysts also recently issued reports on TSM. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a buy rating to a hold rating in a report on Wednesday, September 14th. Nomura cut shares of Taiwan Semiconductor Manufacturing from a buy rating to a neutral rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. downgraded shares of Taiwan Semiconductor Manufacturing from an overweight rating to a neutral rating in a report on Tuesday, July 12th. Goldman Sachs Group Inc. downgraded shares of Taiwan Semiconductor Manufacturing from a buy rating to a neutral rating in a report on Tuesday, June 28th. Finally, Daiwa Capital Markets upgraded shares of Taiwan Semiconductor Manufacturing from a neutral rating to a buy rating in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $24.33.

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at 29.93 on Monday. The company has a market capitalization of $155.22 billion, a PE ratio of 17.25 and a beta of 0.94. Taiwan Semiconductor Manufacturing has a 12-month low of $19.49 and a 12-month high of $30.55. The firm’s 50-day moving average is $28.91 and its 200-day moving average is $26.36.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by $4.11. The firm had revenue of $6.84 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.08 EPS. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post $1.88 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. KAMES CAPITAL plc increased its position in shares of Taiwan Semiconductor Manufacturing by 12.7% in the second quarter. KAMES CAPITAL plc now owns 3,053,029 shares of the company’s stock worth $80,051,000 after buying an additional 344,477 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Taiwan Semiconductor Manufacturing by 153.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 369,958 shares of the company’s stock valued at $9,704,000 after buying an additional 223,826 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Taiwan Semiconductor Manufacturing by 9.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,058 shares of the company’s stock valued at $290,000 after buying an additional 986 shares in the last quarter. Howe & Rusling Inc. increased its position in Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock valued at $121,000 after buying an additional 458 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in Taiwan Semiconductor Manufacturing by 93.0% in the second quarter. Sterling Capital Management LLC now owns 14,853 shares of the company’s stock valued at $390,000 after buying an additional 7,156 shares in the last quarter. Institutional investors and hedge funds own 19.48% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

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