Taiwan Semiconductor Manufacturing (NYSE:TSM) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a buy rating to a hold rating in a report released on Tuesday morning.

Other analysts have also issued reports about the stock. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $202.17 on Tuesday. The stock has a market cap of $1.05 trillion, a PE ratio of 28.72, a P/E/G ratio of 0.74 and a beta of 1.07. Taiwan Semiconductor Manufacturing has a 12 month low of $112.61 and a 12 month high of $226.40. The company has a 50-day moving average price of $201.17 and a 200 day moving average price of $185.78. 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 announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.09%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 25.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 390 shares during the last quarter. Ascent Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.8% during the second quarter. Ascent Group LLC now owns 4,993 shares of the semiconductor company’s stock valued at $868,000 after buying an additional 525 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $450,000. Sunbelt Securities Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 6.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,587 shares of the semiconductor company’s stock worth $971,000 after buying an additional 336 shares during the last quarter. Finally, Regal Investment Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $579,000. 16.51% of the stock is currently owned by institutional investors.

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.