Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1% – Should You Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares shot up 1% on Monday . The stock traded as high as $206.25 and last traded at $203.77. 23,189,167 shares changed hands during trading, an increase of 22% from the average session volume of 18,992,380 shares. The stock had previously closed at $201.83.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The stock has a market cap of $1.06 trillion, a P/E ratio of 28.94, a PEG ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business’s fifty day moving average price is $205.26 and its 200 day moving average price is $189.38.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.35%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ensign Peak Advisors Inc increased its stake in shares of Taiwan Semiconductor Manufacturing by 578.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 27,004 shares of the semiconductor company’s stock valued at $5,333,000 after buying an additional 23,025 shares during the period. Eschler Asset Management LLP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $789,000. Fiduciary Trust Co increased its stake in shares of Taiwan Semiconductor Manufacturing by 6.5% in the fourth quarter. Fiduciary Trust Co now owns 4,428 shares of the semiconductor company’s stock valued at $874,000 after buying an additional 271 shares during the period. First Manhattan CO. LLC. increased its stake in shares of Taiwan Semiconductor Manufacturing by 50.0% in the fourth quarter. First Manhattan CO. LLC. now owns 35,793 shares of the semiconductor company’s stock valued at $7,091,000 after buying an additional 11,926 shares during the period. Finally, Family Management Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 435.3% in the fourth quarter. Family Management Corp now owns 25,278 shares of the semiconductor company’s stock valued at $4,880,000 after buying an additional 20,556 shares during the period. 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.