Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $215.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its target price boosted by Barclays from $200.00 to $215.00 in a research report released on Wednesday, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

TSM has been the subject of several other reports. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 2.8 %

NYSE TSM opened at $203.44 on Wednesday. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing has a 52 week low of $84.95 and a 52 week high of $212.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The stock has a fifty day moving average of $178.19 and a 200-day moving average of $166.30.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.96%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RFG Advisory LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 17.1% in the 1st quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after buying an additional 385 shares during the period. Sunbelt Securities Inc. grew its stake in Taiwan Semiconductor Manufacturing by 375.6% in the first quarter. Sunbelt Securities Inc. now owns 5,251 shares of the semiconductor company’s stock valued at $714,000 after acquiring an additional 4,147 shares during the period. Brookstone Capital Management increased its holdings in shares of Taiwan Semiconductor Manufacturing by 12.0% in the first quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock worth $1,012,000 after acquiring an additional 798 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 68.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 1,842 shares during the period. Finally, Procyon Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 125.7% during the 1st quarter. Procyon Advisors LLC now owns 16,464 shares of the semiconductor company’s stock valued at $2,240,000 after purchasing an additional 9,169 shares in the last quarter. Institutional investors 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.