Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Given Average Rating of “Moderate Buy” by Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $220.00.

Several research analysts recently issued reports on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $211.52 on Tuesday. The company has a market cap of $1.10 trillion, a PE ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 1.07. The business has a 50 day moving average of $198.02 and a 200 day moving average of $184.52. Taiwan Semiconductor Manufacturing has a 52 week low of $109.48 and a 52 week high of $222.20. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.77%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cerro Pacific Wealth Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 28.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 2,313 shares of the semiconductor company’s stock valued at $457,000 after purchasing an additional 509 shares during the period. New Century Financial Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 188.0% in the fourth quarter. New Century Financial Group LLC now owns 8,057 shares of the semiconductor company’s stock worth $1,681,000 after acquiring an additional 5,259 shares during the period. Veracity Capital LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 12.1% during the fourth quarter. Veracity Capital LLC now owns 11,497 shares of the semiconductor company’s stock worth $2,270,000 after purchasing an additional 1,239 shares in the last quarter. Secure Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 557.2% during the 4th quarter. Secure Asset Management LLC now owns 9,562 shares of the semiconductor company’s stock valued at $1,888,000 after purchasing an additional 8,107 shares during the period. Finally, Red Door Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.0% in the 4th quarter. Red Door Wealth Management LLC now owns 5,190 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 198 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.