Susquehanna Issues Positive Forecast for Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective boosted by Susquehanna from $250.00 to $255.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

TSM has been the topic of several other reports. Barclays reissued an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.00.

Taiwan Semiconductor Manufacturing Trading Down 0.8%

NYSE:TSM opened at $213.94 on Tuesday. Taiwan Semiconductor Manufacturing has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The firm’s fifty day moving average is $182.84 and its 200-day moving average is $189.21. The firm has a market cap of $1.11 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.12 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Equities analysts expect that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Guinness Asset Management LTD raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 1st quarter. Guinness Asset Management LTD now owns 394,273 shares of the semiconductor company’s stock worth $65,396,000 after acquiring an additional 12,034 shares during the last quarter. Peterson Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.9% in the first quarter. Peterson Wealth Management now owns 21,855 shares of the semiconductor company’s stock worth $3,628,000 after purchasing an additional 405 shares during the last quarter. 1248 Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $28,000. First Long Island Investors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 13.7% during the first quarter. First Long Island Investors LLC now owns 120,810 shares of the semiconductor company’s stock valued at $20,054,000 after buying an additional 14,583 shares during the last quarter. Finally, Militia Capital Partners LP bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $85,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.