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

StockNews.com cut shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a buy rating to a hold rating in a research note issued to investors on Sunday.

TSM has been the topic of a number of other research reports. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 1.2 %

Taiwan Semiconductor Manufacturing stock opened at $189.72 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a 50-day simple moving average of $186.82 and a 200 day simple moving average of $173.13. The stock has a market capitalization of $983.97 billion, a P/E ratio of 30.40, a PEG ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing has a 52 week low of $95.25 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Analysts expect that Taiwan Semiconductor Manufacturing will post 6.84 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Finally, NewSquare Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. 16.51% of the stock is 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.