Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Given Average Rating of “Hold” by Brokerages
Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.00.
A number of analysts have commented on TSM shares. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intl Fcstone Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 101.2% during the 2nd quarter. Intl Fcstone Inc. now owns 22,099 shares of the semiconductor company’s stock worth $773,000 after acquiring an additional 11,115 shares during the period. Tairen Capital Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $1,294,000. RNC Capital Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 2.0% during the 2nd quarter. RNC Capital Management LLC now owns 988,717 shares of the semiconductor company’s stock worth $34,566,000 after acquiring an additional 19,793 shares during the period. Advisory Services Network LLC grew its holdings in Taiwan Semiconductor Manufacturing by 17.6% during the 2nd quarter. Advisory Services Network LLC now owns 6,578 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 986 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $343,000. 19.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Taiwan Semiconductor Manufacturing (TSM) opened at 37.77 on Friday. The firm has a market capitalization of $195.88 billion, a P/E ratio of 16.90 and a beta of 0.76. Taiwan Semiconductor Manufacturing has a 52-week low of $28.34 and a 52-week high of $38.43. The firm has a 50-day moving average price of $36.77 and a 200-day moving average price of $34.95.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.08). The company had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 EPS. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post $2.15 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/24/taiwan-semiconductor-manufacturing-company-ltd-tsm-given-average-rating-of-hold-by-brokerages.html.
About Taiwan Semiconductor Manufacturing
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.
Receive News & Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.