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.

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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.

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