Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $214.00.

TSM has been the subject of a number of recent research reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

Taiwan Semiconductor Manufacturing stock opened at $197.49 on Friday. 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 firm’s 50 day moving average price is $195.13 and its 200-day moving average price is $181.52. Taiwan Semiconductor Manufacturing has a 1 year low of $98.80 and a 1 year high of $212.60. The stock has a market cap of $1.02 trillion, a P/E ratio of 31.65, a PEG ratio of 0.93 and a beta of 1.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing will post 6.95 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, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.7% in the 3rd quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock worth $3,667,000 after purchasing an additional 1,682 shares in the last quarter. Logan Capital Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 20.1% during the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 56 shares in the last quarter. Dantai Capital Ltd boosted its holdings in Taiwan Semiconductor Manufacturing by 62.7% in the third quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock worth $5,748,000 after acquiring an additional 12,755 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $2,449,000. Finally, Garde Capital Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 142.2% during the third quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock valued at $1,085,000 after acquiring an additional 3,667 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

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.