Taiwan Semiconductor Manufacturing (NYSE:TSM) Given New $250.00 Price Target at Susquehanna

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its target price increased by Susquehanna from $200.00 to $250.00 in a report released on Thursday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective suggests a potential upside of 33.41% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $183.60.

Taiwan Semiconductor Manufacturing Trading Up 1.6 %

TSM opened at $187.39 on Thursday. Taiwan Semiconductor Manufacturing has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm has a market capitalization of $971.88 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.31 and a beta of 1.14. The company’s 50 day moving average price is $165.18 and its two-hundred day moving average price is $140.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing will post 6.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TSM. Sanders Capital LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after buying an additional 1,501,548 shares during the period. Capital World Investors boosted its stake in Taiwan Semiconductor Manufacturing by 1.7% in the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after purchasing an additional 704,804 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Taiwan Semiconductor Manufacturing by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after purchasing an additional 1,649,279 shares in the last quarter. Finally, Capital International Investors lifted its stake in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after acquiring an additional 5,643,949 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.