Brokerages Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Target Price at $200.00

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $200.00.

A number of analysts recently commented on the stock. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Susquehanna restated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. TD Cowen boosted their price objective 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 raised their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $174.08 on Wednesday. Taiwan Semiconductor Manufacturing has a 52 week low of $84.01 and a 52 week high of $193.47. The business’s fifty day moving average is $167.03 and its two-hundred day moving average is $158.12. 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 firm has a market cap of $902.85 billion, a P/E ratio of 33.16, a P/E/G ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter last year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. Equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $3,504,000. Panagora Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Panagora Asset Management Inc. now owns 16,500 shares of the semiconductor company’s stock valued at $1,716,000 after buying an additional 405 shares during the period. Norges Bank acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $108,160,000. Gladstone Institutional Advisory LLC increased its stake in Taiwan Semiconductor Manufacturing by 5.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,179 shares of the semiconductor company’s stock worth $643,000 after acquiring an additional 302 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 17.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,075 shares of the semiconductor company’s stock valued at $632,000 after acquiring an additional 922 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.