Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) shares gapped down prior to trading on Friday . The stock had previously closed at $42.67, but opened at $41.53. Taiwan Semiconductor Mfg. shares last traded at $40.25, with a volume of 11270958 shares trading hands.
A number of research analysts have issued reports on TSM shares. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Goldman Sachs Group started coverage on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 target price on the stock. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, CLSA lowered shares of Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $48.00.
The firm has a market capitalization of $208.95 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.38 and a current ratio of 2.67.
About Taiwan Semiconductor Mfg. (NYSE:TSM)
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
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