Barclays Boosts Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target to $150.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective hoisted by Barclays from $145.00 to $150.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price objective would suggest a potential upside of 15.84% from the stock’s previous close.

Several other research firms have also issued reports on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $2.78 during mid-day trading on Friday, hitting $129.49. The company’s stock had a trading volume of 6,746,885 shares, compared to its average volume of 15,580,007. Taiwan Semiconductor Manufacturing has a 1 year low of $81.21 and a 1 year high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The stock has a market cap of $671.59 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.06 and a beta of 1.15. The business’s fifty day moving average is $136.61 and its two-hundred day moving average is $112.74.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.15 EPS for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 30.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock valued at $144,071,000 after purchasing an additional 318,570 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in Taiwan Semiconductor Manufacturing by 29.2% in the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 135 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Taiwan Semiconductor Manufacturing by 40.1% in the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock worth $1,324,000 after acquiring an additional 3,638 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 17.3% in the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 346 shares in the last quarter. Finally, Ergoteles LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 138.6% in the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock worth $4,744,000 after acquiring an additional 26,426 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.