Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $35.22 and last traded at $35.63, with a volume of 601858 shares trading hands. The stock had previously closed at $36.05.
TSM has been the subject of several recent research reports. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Zacks Investment Research lowered shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Finally, ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.00.
The company has a current ratio of 2.67, a quick ratio of 1.86 and a debt-to-equity ratio of 0.04. The firm has a market cap of $184.83 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.08 and a beta of 1.16.
Institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $114,000. Gamble Jones Investment Counsel acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $115,000. First Hawaiian Bank acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $124,000. LFA Lugano Financial Advisors SA acquired a new stake in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $140,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Taiwan Semiconductor Mfg. during the 2nd quarter worth $120,000. 19.18% of the stock is currently owned by hedge funds and other institutional investors.
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Taiwan Semiconductor Mfg. Company Profile (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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