Taiwan Semiconductor Manufacturing (NYSE:TSM) Upgraded to “Hold” at Zacks Investment Research


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Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a sell rating to a hold rating in a research report released on Saturday morning, Zacks.com reports.

According to Zacks, “Taiwan Semiconductor Manufacturer Co is the world’s largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC’s goal is to establish itself as one of the world’s leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world. “

A number of other research analysts have also recently weighed in on TSM. Sanford C. Bernstein upgraded shares of Taiwan Semiconductor Manufacturing from a market perform rating to an outperform rating and set a $149.00 price objective on the stock in a research report on Tuesday, January 12th. Susquehanna reiterated a sell rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, January 26th. Susquehanna Bancshares reissued a sell rating and issued a $74.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Finally, Atlantic Securities began coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, April 12th. They set a neutral rating and a $130.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $110.60.

NYSE:TSM opened at $114.95 on Friday. The firm has a market capitalization of $596.14 billion, a PE ratio of 33.81, a PEG ratio of 1.26 and a beta of 0.99. The stock’s fifty day moving average is $118.97 and its 200 day moving average is $110.63. Taiwan Semiconductor Manufacturing has a fifty-two week low of $49.38 and a fifty-two week high of $142.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.56 and a current ratio of 1.75.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Friday, June 18th will be paid a $0.3527 dividend. The ex-dividend date of this dividend is Thursday, June 17th. This represents a $1.41 dividend on an annualized basis and a yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 41.00%.

Several institutional investors have recently bought and sold shares of TSM. TRUE Private Wealth Advisors purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $26,000. Montag A & Associates Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,000. Pflug Koory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $33,000. Kings Point Capital Management purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $33,000. Finally, Hoese & Co LLP bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $36,000. 18.27% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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