Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Consensus Rating of “Moderate Buy” from Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $220.00.

Several analysts have recently weighed in on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently made changes to their positions in TSM. Capital Market Strategies LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.1% in the first quarter. Capital Market Strategies LLC now owns 13,431 shares of the semiconductor company’s stock worth $2,230,000 after purchasing an additional 1,120 shares during the last quarter. Franchise Capital Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $15,662,000. Park National Corp OH increased its stake in shares of Taiwan Semiconductor Manufacturing by 14.9% in the first quarter. Park National Corp OH now owns 2,776 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 359 shares in the last quarter. Modus Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 9.1% in the 1st quarter. Modus Advisors LLC now owns 3,854 shares of the semiconductor company’s stock valued at $640,000 after buying an additional 320 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 16.3% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 1,395 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 6.7 %

NYSE TSM opened at $146.88 on Friday. Taiwan Semiconductor Manufacturing has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The business has a fifty day moving average price of $186.54 and a two-hundred day moving average price of $192.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $761.76 billion, a PE ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities analysts expect that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.