In a report released today, Mehdi Hosseini from Susquehanna reiterated a Sell rating on Taiwan Semi (TSM), with a price target of $40.00. The company’s shares closed last Thursday at $64.78, close to its 52-week high of $64.97.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 7.3% and a 49.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Keysight Technologies.
Currently, the analyst consensus on Taiwan Semi is a Hold with an average price target of $40.00.
See today’s analyst top recommended stocks >>
Taiwan Semi’s market cap is currently $336B and has a P/E ratio of 24.40. The company has a Price to Book ratio of 5.89.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.
Read More on TSM:
