Taiwan Semiconductor Manufacturing (NYSE:TSM) Upgraded at Zacks Research

Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently issued reports on TSM. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. UBS Group set a $330.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Sunday, December 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, December 29th. Finally, Argus raised shares of Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $381.67.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $330.50 on Tuesday. The firm’s 50-day moving average is $313.38 and its 200-day moving average is $283.34. The company has a market cap of $1.71 trillion, a price-to-earnings ratio of 31.03, a PEG ratio of 0.91 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. Taiwan Semiconductor Manufacturing has a 52-week low of $134.25 and a 52-week high of $351.33.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 36.18%. The business had revenue of $32.50 billion during the quarter. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. This represents a $3.87 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, March 17th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 23.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the business. Sequent Planning LLC grew its holdings in Taiwan Semiconductor Manufacturing by 310.7% during the 4th quarter. Sequent Planning LLC now owns 4,321 shares of the semiconductor company’s stock worth $1,313,000 after acquiring an additional 3,269 shares during the period. Duncan Williams Asset Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 46.1% during the fourth quarter. Duncan Williams Asset Management LLC now owns 4,799 shares of the semiconductor company’s stock worth $1,563,000 after purchasing an additional 1,515 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.0% during the fourth quarter. Integrated Investment Consultants LLC now owns 1,610 shares of the semiconductor company’s stock worth $489,000 after purchasing an additional 105 shares during the period. Tucker Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $143,000. Finally, Gamco Investors INC. ET AL lifted its stake in Taiwan Semiconductor Manufacturing by 8.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,160 shares of the semiconductor company’s stock valued at $960,000 after buying an additional 250 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing News Roundup

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: TSMC plans a roughly $17 billion investment to mass-produce advanced 3‑nanometer chips at its Kumamoto site, a move aimed at boosting AI-capable capacity and reducing concentration risk in Taiwan. TSMC plans 3-nanometre chip production in Japan with $17 billion investment, Yomiuri reports
• Positive Sentiment: Broker upgrades and momentum calls are piling up — Zacks moved TSMC to a “strong-buy” and the stock has been added to Zacks’ Rank #1 momentum lists, which supports short-term buying interest. Zacks upgrade / strong-buy
• Positive Sentiment: Tokyo’s subsidy push and supportive government policy (reported by multiple outlets) make the Japan expansion more financially attractive and lower the net capex burden on TSMC, improving the investment thesis around capacity for AI demand. TSMC Plans $17 Billion Japan Expansion With Advanced 3nm Chips As Tokyo Ramps Up Subsidies
• Neutral Sentiment: Consensus analyst price targets imply roughly ~25% upside from current levels, but studies show price-targets are an imperfect timing tool; upward earnings estimate revisions would be needed to sustain the move. Can TSMC (TSM) Climb 25.25% to Reach the Level Wall Street Analysts Expect?
• Negative Sentiment: Big overseas capex and the rush to scale advanced 3nm production create execution, timing and cost risks — meeting yield, staffing and ramp timelines at a new site is challenging and could pressure margins or delay benefits. TSMC Needs to Make More Advanced Chips. Why It’s Turning to Japan.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.