Investors purchased shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) on weakness during trading hours on Tuesday. $43.02 million flowed into the stock on the tick-up and $23.13 million flowed out of the stock on the tick-down, for a money net flow of $19.89 million into the stock. Of all equities tracked, Taiwan Semiconductor Manufacturing had the 29th highest net in-flow for the day. Taiwan Semiconductor Manufacturing traded down ($0.07) for the day and closed at $39.30
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Daiwa Capital Markets lowered shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. Morgan Stanley lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 27th. KeyCorp restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Finally, J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.00.
The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 2.36. The firm has a market capitalization of $203,809.80, a P/E ratio of 18.36, a P/E/G ratio of 1.21 and a beta of 0.74.
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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