Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 2.6% Higher – Should You Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price was up 2.6% during mid-day trading on Wednesday . The company traded as high as $178.13 and last traded at $175.37. Approximately 5,840,040 shares were traded during trading, a decline of 68% from the average daily volume of 18,066,869 shares. The stock had previously closed at $170.97.

Analyst Ratings Changes

A number of research analysts have issued reports on TSM shares. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 3.6 %

The business’s fifty day moving average price is $200.93 and its 200 day moving average price is $191.93. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $918.63 billion, a PE ratio of 25.15, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.55%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWA Asset Management Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $425,000. Sigma Planning Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 11.6% in the third quarter. Sigma Planning Corp now owns 13,315 shares of the semiconductor company’s stock valued at $2,313,000 after acquiring an additional 1,389 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at $77,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 8,888 shares of the semiconductor company’s stock valued at $1,544,000 after purchasing an additional 299 shares in the last quarter. Finally, Keystone Financial Services raised its stake in Taiwan Semiconductor Manufacturing by 11.6% during the third quarter. Keystone Financial Services now owns 1,403 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.