Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. (NYSE:TSM) from an underweight rating to an equal weight rating in a research note published on Friday morning, Marketbeat reports.

Several other brokerages also recently issued reports on TSM. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a sell rating to a hold rating in a research note on Tuesday, September 25th. ValuEngine raised Taiwan Semiconductor Mfg. from a hold rating to a buy rating in a research note on Wednesday, August 29th. Finally, Nomura raised Taiwan Semiconductor Mfg. from a neutral rating to a buy rating in a research note on Thursday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $46.00.

TSM stock opened at $36.87 on Friday. The stock has a market cap of $191.21 billion, a PE ratio of 16.99, a P/E/G ratio of 1.12 and a beta of 1.16. Taiwan Semiconductor Mfg. has a twelve month low of $35.35 and a twelve month 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.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its 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. The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $257.92 billion. Taiwan Semiconductor Mfg. had a return on equity of 22.57% and a net margin of 34.38%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $3.47 EPS. As a group, equities analysts forecast that Taiwan Semiconductor Mfg. will post 2.19 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. bought a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter worth approximately $114,000. Gamble Jones Investment Counsel bought a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter worth approximately $115,000. Flagship Harbor Advisors LLC bought a new position in shares of Taiwan Semiconductor Mfg. during the 2nd quarter valued at approximately $120,000. First Hawaiian Bank bought a new position in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at approximately $124,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at approximately $140,000. 19.18% of the stock is currently owned by institutional investors and hedge funds.

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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