Brokerages Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Price Target at $209.00

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $209.00.

TSM has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th.

Taiwan Semiconductor Manufacturing Stock Down 2.6 %

Shares of TSM stock opened at $186.72 on Thursday. The stock has a 50 day moving average of $184.19 and a 200 day moving average of $171.37. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The stock has a market cap of $968.41 billion, a P/E ratio of 29.92, a P/E/G ratio of 0.91 and a beta of 1.12. Taiwan Semiconductor Manufacturing has a twelve month low of $95.25 and a twelve month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing will post 6.73 EPS 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. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change 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 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.09%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently made changes to their positions in TSM. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

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.