Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) have earned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $200.00.

A number of brokerages have weighed in on TSM. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

NYSE:TSM opened at $147.64 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing has a 52-week low of $84.01 and a 52-week high of $193.47. The company has a market cap of $765.72 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 0.89 and a beta of 1.14. The stock’s fifty day moving average price is $169.82 and its two-hundred day moving average price is $147.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. On average, analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently bought and sold shares of TSM. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $25,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Finally, North Star Investment Management Corp. raised its position in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the period. 16.51% of the stock is owned by institutional investors.

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.