The shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been pegged with a rating of Outperform by CLSA in its latest research note that was published on November 30th, 2018. CLSA wasn’t the only research firm that published a report of Taiwan Semiconductor Manufacturing Company Limited, with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on November 16th, 2018, to Equal-Weight the TSM stock. The stock had earned Overweight rating from Morgan Stanley when it published its report on September 19th, 2018. The stock was given Positive rating by Susquehanna in its report released on July 2nd, 2018. Credit Suisse was of a view that TSM is Outperform in its latest report on February 20th, 2018. Bernstein thinks that TSM is worth Mkt Perform rating. This was contained in the firm’s report on February 13th, 2018 in which the stock’s price target was also moved to $42.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $46.26. The price of the stock the last time has raised by 4.66% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.27.
The shares of the company dipped by -1.55% during the trading session on Thursday, reaching a low of $35.61 while ending the day at $36.86. During the trading session, a total of 12.03 million shares were traded which represents a -33.39% decline from the average session volume which is 9.02M shares. TSM had ended its last session trading at 37.44. Taiwan Semiconductor Manufacturing Company Limited currently has a market cap of $188.98B, while its P/E ratio stands at 16.77, while its P/E earnings growth sits at 5.70, with a beta of 1.23. Taiwan Semiconductor Manufacturing Company Limited debt-to-equity ratio currently stands at 0.11, while its quick ratio hovers at 2.30. TSM 52-week low price stands at $35.22 while its 52-week high price is $46.57.
The company in its last quarterly report recorded $0.56 earnings per share which is below the $0.56 predicted by most analysts. The Taiwan Semiconductor Manufacturing Company Limited generated $8,495.13 million in revenue during the last quarter, which is slightly higher than the $8,400.49 million predicted by analysts. In the second quarter last year, the firm recorded $0.47 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 16.07%. Taiwan Semiconductor Manufacturing Company Limited has the potential to record 2.20 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Argus published a research note on October 18th, 2018 where it informed investors and clients that International Business Machines Corporation (NYSE:IBM) is now rated as Hold. Morgan Stanley also rated IBM as Downgrade on November 16th, 2018, with its price target of $459 suggesting that IBM could surge by 20.54% from its current share price. Even though the stock has been trading at $121.60/share, analysts expect it to surge higher by 1.90% to reach $155.94/share. It started the day trading at $123.91 and traded between $119.3 and $123.91 throughout the trading session.
A look at its technical shows that IBM’s 50-day SMA is 130.15 while its 200-day SMA stands at 143.26. The stock has a high of $171.13 for the year while the low is $114.09. The company’s P/E ratio currently sits at 10.12, while the P/B ratio is 5.71. The company’s average trading volume currently stands at 6.94M shares, which means that the short-interest ratio is just 1.91 days. Over the past seven days, the company moved, with its shift of 0.74%. Looking further, the stock has dropped -15.36% over the past 90 days while it lost -14.76% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more IBM shares, increasing its portfolio by +4.16% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,736,877 shares in the last quarter, thus it now holds 68,515,556 shares of IBM, with a total valuation of $7,908,750,629. SSgA Funds Management Inc meanwhile bought more IBM shares in the recently filed quarter, changing its stake to $6,131,248,792 worth of shares. BlackRock Fund Advisors followed the path by increasing its IBM portfolio by +3.74% in the quarter. This means that BlackRock Fund Advisors bought 1,507,160 shares in the last quarter and now controls 41,815,530 shares of the IBM stock, with the valuation hitting $4,826,766,628.
Similarly, Geode Capital Management LLC increased its International Business Machines Corporation shares by +6.57% during the recently filed quarter. After buying 724,817 shares in the last quarter, the firm now controls 11,757,639 shares of International Business Machines Corporation which are valued at $1,357,184,270. In the same vein, Northern Trust Investments Inc increased its International Business Machines Corporation shares by during the most recent reported quarter. The firm bought 247,038 shares during the quarter which increased its stakes to 11,382,440 shares and is now valued at $1,313,875,049. Following these latest developments, around 0.10% of International Business Machines Corporation stocks are owned by institutional investors and hedge funds.