Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)’s share price hit a new 52-week low on Tuesday . The company traded as low as $35.22 and last traded at $35.63, with a volume of 601858 shares traded. The stock had previously closed at $36.05.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Taiwan Semiconductor Mfg. has an average rating of “Buy” and an average price target of $46.00.

The company has a current ratio of 2.07, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $191.21 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $260.35 billion during the quarter, compared to analyst estimates of $257.92 billion. During the same quarter last year, the business earned $3.47 earnings per share. Taiwan Semiconductor Mfg.’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in TSM. Capital International Investors lifted its position in Taiwan Semiconductor Mfg. by 363.5% during the third quarter. Capital International Investors now owns 35,218,259 shares of the semiconductor company’s stock valued at $1,555,238,000 after purchasing an additional 27,619,505 shares during the last quarter. Vontobel Asset Management Inc. bought a new position in Taiwan Semiconductor Mfg. during the second quarter valued at $651,425,000. First Eagle Investment Management LLC bought a new position in Taiwan Semiconductor Mfg. during the third quarter valued at $210,130,000. Renaissance Technologies LLC lifted its position in Taiwan Semiconductor Mfg. by 1,211.2% during the second quarter. Renaissance Technologies LLC now owns 3,855,920 shares of the semiconductor company’s stock valued at $140,972,000 after purchasing an additional 3,561,854 shares during the last quarter. Finally, Hermes Investment Management Ltd. lifted its position in Taiwan Semiconductor Mfg. by 28.8% during the second quarter. Hermes Investment Management Ltd. now owns 11,454,210 shares of the semiconductor company’s stock valued at $418,766,000 after purchasing an additional 2,562,907 shares during the last quarter. Institutional investors and hedge funds own 19.18% of the company’s stock.

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About Taiwan Semiconductor Mfg. (NYSE:TSM)

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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