Needham & Company LLC Reaffirms “Buy” Rating for Taiwan Semiconductor Manufacturing (NYSE:TSM)

Needham & Company LLC reiterated their buy rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a research report released on Thursday, MarketBeat.com reports. They currently have a $210.00 price target on the semiconductor company’s stock.

Several other equities analysts have also recently issued reports on the company. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $200.78 on Thursday. The firm’s fifty day simple moving average is $175.31 and its 200-day simple moving average is $164.42. Taiwan Semiconductor Manufacturing has a 12 month low of $84.95 and a 12 month high of $212.60. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.97%. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing will post 6.63 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, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of the business. Seed Wealth Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 57 shares in the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 59 shares during the period. Heron Bay Capital Management boosted its holdings in Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock worth $992,000 after buying an additional 59 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after buying an additional 63 shares during the period. Finally, Foster Group Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the third quarter. Foster Group Inc. now owns 4,382 shares of the semiconductor company’s stock valued at $761,000 after buying an additional 65 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other 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.