Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) have been given a consensus rating of “Buy” by the ten research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $42.00.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Saturday, July 21st. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. UBS Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a report on Monday, July 2nd. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a report on Monday, July 2nd. Finally, Nomura upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th.

Shares of NYSE TSM opened at $36.67 on Monday. Taiwan Semiconductor Mfg. has a 1 year low of $35.35 and a 1 year high of $46.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.07. The stock has a market cap of $190.17 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.12 and a beta of 1.07.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.57%. The company had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $257.92 billion. During the same quarter in the previous year, the company earned $3.47 earnings per share. Taiwan Semiconductor Mfg.’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts predict that Taiwan Semiconductor Mfg. will post 2.19 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in Taiwan Semiconductor Mfg. by 1,211.2% in the second quarter. Renaissance Technologies LLC now owns 3,855,920 shares of the semiconductor company’s stock worth $140,972,000 after purchasing an additional 3,561,854 shares during the period. Putnam Investments LLC grew its holdings in Taiwan Semiconductor Mfg. by 2.1% in the second quarter. Putnam Investments LLC now owns 302,104 shares of the semiconductor company’s stock worth $11,044,000 after purchasing an additional 6,070 shares during the period. Envestnet Asset Management Inc. grew its holdings in Taiwan Semiconductor Mfg. by 155.5% in the second quarter. Envestnet Asset Management Inc. now owns 829,082 shares of the semiconductor company’s stock worth $30,311,000 after purchasing an additional 504,634 shares during the period. WCM Investment Management CA grew its holdings in Taiwan Semiconductor Mfg. by 5.1% in the second quarter. WCM Investment Management CA now owns 22,637,189 shares of the semiconductor company’s stock worth $827,616,000 after purchasing an additional 1,092,330 shares during the period. Finally, Aviance Capital Management LLC grew its holdings in Taiwan Semiconductor Mfg. by 69,772.0% in the second quarter. Aviance Capital Management LLC now owns 17,468 shares of the semiconductor company’s stock worth $639,000 after purchasing an additional 17,443 shares during the period. Institutional investors and hedge funds own 19.17% of the company’s stock.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Analyst Recommendations for Taiwan Semiconductor Mfg. (NYSE:TSM)

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