Susquehanna Reiterates a Buy Rating on Taiwan Semi (TSM)

By Austin Angelo

Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Taiwan Semi (TSMResearch Report) yesterday and set a price target of $65.00. The company’s shares closed last Monday at $52.98, close to its 52-week high of $54.37.

According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 9.5% and a 50.0% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Keysight Technologies.

Taiwan Semi has an analyst consensus of Strong Buy, with a price target consensus of $55.00.

See today’s analyst top recommended stocks >>

Taiwan Semi’s market cap is currently $274.8B and has a P/E ratio of 25.88. The company has a Price to Book ratio of 5.37.

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.