Barclays Boosts Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target to $145.00

Taiwan Semiconductor Manufacturing (NYSE:TSMFree Report) had its price target hoisted by Barclays from $125.00 to $145.00 in a research report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

TSM has been the topic of a number of other reports. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a market perform rating in a report on Friday, January 12th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research note on Friday, December 8th. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a positive rating in a research note on Tuesday. Finally, Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a buy rating in a research note on Friday, January 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $138.25.

Get Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

NYSE TSM opened at $141.96 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $131.08 and its two-hundred day moving average is $108.46. The company has a market capitalization of $736.26 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.08 and a beta of 1.15. Taiwan Semiconductor Manufacturing has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. Equities analysts forecast that Taiwan Semiconductor Manufacturing will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.78%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 1,333.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 240 shares during the last quarter. Sachetta LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $29,000. Carolinas Wealth Consulting LLC raised its position in Taiwan Semiconductor Manufacturing by 334.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 221 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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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.

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