Taiwan Semiconductor Manufacturing (NYSE:TSM) Given a $265.00 Price Target by Susquehanna Analysts

Taiwan Semiconductor Manufacturing (NYSE:TSM) has been assigned a $265.00 price objective by analysts at Susquehanna in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would suggest a potential upside of 11.83% from the company’s previous close.

Several other analysts have also recently weighed in on TSM. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, July 1st. Finally, Barclays restated an “overweight” rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.25.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded up $8.29 during trading on Monday, hitting $236.96. 14,238,990 shares of the company’s stock were exchanged, compared to its average volume of 15,248,963. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.23 trillion, a PE ratio of 30.46, a P/E/G ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing has a fifty-two week low of $133.57 and a fifty-two week high of $237.67. The stock’s 50 day moving average price is $207.50 and its two-hundred day moving average price is $192.50.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Research analysts expect that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current year.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of TSM. Brighton Jones LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after buying an additional 1,892 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company’s stock worth $369,000 after buying an additional 429 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $4,194,000. one8zero8 LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $496,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.5% during the 4th quarter. Harbour Investments Inc. now owns 10,287 shares of the semiconductor company’s stock worth $2,032,000 after buying an additional 893 shares in the last quarter. 16.51% of the stock is currently owned by 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.