Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 1%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 1% on Thursday . The company traded as low as $141.13 and last traded at $142.15. Approximately 3,044,240 shares were traded during trading, a decline of 80% from the average daily volume of 15,191,582 shares. The stock had previously closed at $143.60.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The business’s fifty day moving average price is $138.94 and its two-hundred day moving average price is $117.51. The stock has a market capitalization of $740.57 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of TSM. Van ECK Associates Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 53.4% in the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after purchasing an additional 6,060,511 shares during the last quarter. Capital World Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares during the period. Morgan Stanley boosted its holdings in Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after buying an additional 2,400,882 shares in the last quarter. Harding Loevner LP raised its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after acquiring an additional 2,008,043 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after purchasing an additional 1,649,279 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.