Today: Today, Brokerages gives Consensus Recommendation of “Buy” to Taiwan Semiconductor Manufacturing Co. (TSM)

Today, Brokerages gives Consensus Recommendation of “Buy” to Taiwan Semiconductor Manufacturing Co. (TSM)

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) has been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the stock. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.50.

TSM has been the topic of several research analyst reports. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Tuesday, October 4th. HSBC cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, September 21st. Finally, Bank of America Corp. restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, September 19th.

Several large investors have recently added to or reduced their stakes in the stock. Buckingham Capital Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 4.1% in the first quarter. Buckingham Capital Management Inc. now owns 62,042 shares of the company’s stock valued at $1,626,000 after buying an additional 2,453 shares during the last quarter. Schroder Investment Management Group raised its stake in Taiwan Semiconductor Manufacturing by 3.5% in the second quarter. Schroder Investment Management Group now owns 20,877,595 shares of the company’s stock valued at $547,619,000 after buying an additional 697,422 shares during the last quarter. Capital Fund Management S.A. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,321,000. DUPONT CAPITAL MANAGEMENT Corp raised its position in Taiwan Semiconductor Manufacturing by 1.9% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 2,024,863 shares of the company’s stock worth $53,112,000 after buying an additional 38,571 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. BlackRock Fund Advisors now owns 1,106,650 shares of the company’s stock worth $28,994,000 after buying an additional 32,737 shares in the last quarter. 19.35% of the stock is owned by institutional investors and hedge funds.

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at 29.66 on Tuesday. The stock’s 50 day moving average price is $30.49 and its 200 day moving average price is $28.18. Taiwan Semiconductor Manufacturing has a 52 week low of $20.45 and a 52 week high of $31.62. The firm has a market capitalization of $153.82 billion, a P/E ratio of 16.16 and a beta of 0.94.

Related posts

Leave a Comment