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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $209.00.

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

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $186.72 on Thursday. Taiwan Semiconductor Manufacturing has a 1-year low of $95.25 and a 1-year high of $212.60. The stock’s 50-day moving average is $184.19 and its 200 day moving average is $171.37. The company has a market cap of $968.41 billion, a P/E ratio of 29.92, a PEG ratio of 0.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing will post 6.73 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.09%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.0% during the third quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock worth $925,000 after purchasing an additional 1,198 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $35,142,000. Blueshift Asset Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $206,000. Cynosure Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $241,000. Finally, Hardy Reed LLC raised its position in Taiwan Semiconductor Manufacturing by 1.2% during the third quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock valued at $805,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.