Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.9% – Time to Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report) shares traded up 1.9% on Tuesday . The company traded as high as $198.00 and last traded at $195.92. 14,551,780 shares changed hands during trading, a decline of 28% from the average session volume of 20,164,289 shares. The stock had previously closed at $192.31.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Read Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Stock Performance

The firm has a market cap of $1.08 trillion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.74 and a beta of 1.07. The stock’s fifty day moving average is $201.70 and its two-hundred day moving average is $186.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change 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 dividend yield of 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 25.2% during the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 390 shares in the last quarter. Regal Investment Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $579,000. Truist Financial Corp lifted its position in Taiwan Semiconductor Manufacturing by 6.3% during the 2nd quarter. Truist Financial Corp now owns 490,197 shares of the semiconductor company’s stock worth $85,201,000 after acquiring an additional 29,084 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $136,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $26,960,000. Institutional investors own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

(Get Free Report)

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.

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