Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $130.00 at TD Cowen

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its target price boosted by TD Cowen from $100.00 to $130.00 in a research report released on Thursday, Marketbeat Ratings reports. TD Cowen currently has a hold rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Needham & Company LLC reissued a buy rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a positive rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of Moderate Buy and a consensus price target of $155.75.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $132.25 on Thursday. The stock has a market cap of $685.90 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a 50 day simple moving average of $136.61 and a 200-day simple moving average of $112.74. Taiwan Semiconductor Manufacturing has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The company had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.20%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently modified their holdings of the stock. Johnson Financial Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. Financial Gravity Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $27,000. Sachetta LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. Hedge funds and other institutional investors 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.