Taiwan Semiconductor Manufacturing (NYSE:TSM) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, November 27th, Marketbeat.com reports.
Other equities analysts have also recently issued reports about the company. Daiwa Capital Markets cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a report on Thursday, October 19th. J P Morgan Chase & Co raised Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.00.
Taiwan Semiconductor Manufacturing (NYSE TSM) opened at $39.20 on Monday. The company has a quick ratio of 2.11, a current ratio of 2.36 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $204,276.53, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. Taiwan Semiconductor Manufacturing has a twelve month low of $28.50 and a twelve month high of $43.02.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $113,000. Bruderman Asset Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $115,000. AGF Investments Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 63.8% in the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 1,416 shares during the last quarter. Conning Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $201,000. Finally, Murphy Pohlad Asset Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $202,000. Institutional investors and hedge funds own 19.63% of the company’s stock.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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