Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Increased to $180.00 by Analysts at Susquehanna

Taiwan Semiconductor Manufacturing (NYSE:TSMFree Report) had its target price hoisted by Susquehanna from $160.00 to $180.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

Several other brokerages have also weighed in on TSM. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a buy rating in a research report on Friday, January 19th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an overweight rating in a research report on Friday, January 19th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research report on Friday, December 8th. Finally, TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a market perform rating in a research report on Friday, January 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $138.25.

Read Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Stock Down 0.9 %

Shares of NYSE:TSM opened at $140.24 on Tuesday. The stock has a market capitalization of $727.34 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.15. Taiwan Semiconductor Manufacturing has a 1-year low of $81.21 and a 1-year high of $158.40. The company’s fifty day moving average is $130.56 and its two-hundred day moving average is $108.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Equities analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.78%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently modified their holdings of the stock. Congress Wealth Management LLC DE lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after buying an additional 671 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $39,611,000. Metropolis Capital Ltd raised its position in shares of Taiwan Semiconductor Manufacturing by 21.0% during the third quarter. Metropolis Capital Ltd now owns 1,136,061 shares of the semiconductor company’s stock worth $98,724,000 after acquiring an additional 196,867 shares during the last quarter. LGT Capital Partners LTD. raised its position in shares of Taiwan Semiconductor Manufacturing by 4.4% during the third quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock worth $135,111,000 after acquiring an additional 65,220 shares during the last quarter. Finally, Naples Global Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.0% during the third quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock worth $9,640,000 after acquiring an additional 1,085 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

(Get Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

Featured Articles

Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.