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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $220.00.

A number of brokerages have recently weighed in on TSM. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. King Luther Capital Management Corp raised its holdings in Taiwan Semiconductor Manufacturing by 4.7% during the second quarter. King Luther Capital Management Corp now owns 6,812 shares of the semiconductor company’s stock valued at $1,184,000 after buying an additional 308 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 10.1% during the 2nd quarter. AE Wealth Management LLC now owns 14,481 shares of the semiconductor company’s stock valued at $2,517,000 after acquiring an additional 1,328 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Taiwan Semiconductor Manufacturing by 23,886.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 13,912 shares of the semiconductor company’s stock valued at $2,420,000 after acquiring an additional 13,854 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 24.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,528 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 493 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock worth $3,082,000 after purchasing an additional 66 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $192.72 on Tuesday. Taiwan Semiconductor Manufacturing has a one year low of $112.61 and a one year high of $226.40. The firm has a 50-day moving average of $201.07 and a two-hundred day moving average of $185.72. The firm has a market capitalization of $999.52 billion, a PE ratio of 27.38, a P/E/G ratio of 0.74 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts forecast that Taiwan Semiconductor Manufacturing will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.14%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

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.