Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $120.14.

Several equities research analysts recently issued reports on TSM shares. Susquehanna decreased their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Susquehanna Bancshares decreased their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Finally, Cowen set a $100.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TSM. Chevy Chase Trust Holdings Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 6.7% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 5,492 shares of the semiconductor company’s stock valued at $661,000 after acquiring an additional 346 shares during the last quarter. CWM LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $2,790,000. Qube Research & Technologies Ltd bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $20,782,000. Nomura Asset Management Co. Ltd. boosted its stake in Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 108,778 shares of the semiconductor company’s stock valued at $13,087,000 after acquiring an additional 4,506 shares during the last quarter. Finally, Ellis Investment Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing by 37.5% during the 4th quarter. Ellis Investment Partners LLC now owns 429 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 117 shares during the last quarter.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

Shares of NYSE TSM opened at $86.51 on Thursday. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 0.28. Taiwan Semiconductor Manufacturing has a 52 week low of $73.74 and a 52 week high of $145.00. The firm has a 50-day moving average price of $86.28 and a 200 day moving average price of $99.45. The stock has a market capitalization of $448.65 billion, a price-to-earnings ratio of 16.70 and a beta of 0.98.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.68 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 34.31%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.3 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 2.14%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s payout ratio is 28.19%.

About Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Company Limited 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.

Further Reading

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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