Taiwan Semiconductor Mfg. (TSM) Hits New 12-Month Low at $35.22
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.
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.
TRADEMARK VIOLATION WARNING: “Taiwan Semiconductor Mfg. (TSM) Hits New 12-Month Low at $35.22” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/11/20/taiwan-semiconductor-mfg-tsm-hits-new-12-month-low-at-35-22.html.
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.
Featured Story: What is a stock buyback?
Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.