Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $120.75.

A number of analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th.

Check Out Our Latest Research Report on TSM

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $130.45 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 company has a fifty day simple moving average of $107.93 and a 200 day simple moving average of $97.86. The company has a market cap of $676.57 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.00 and a beta of 1.13. Taiwan Semiconductor Manufacturing has a 1 year low of $81.21 and a 1 year high of $135.17.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 6.19 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. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 29.54%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Avestar Capital LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 95 shares in the last quarter. Mather Group LLC. increased its position in Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after acquiring an additional 96 shares in the last quarter. Benjamin Edwards Inc. increased its position in Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 96 shares in the last quarter. Intrinsic Value Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock valued at $2,590,000 after acquiring an additional 100 shares in the last quarter. Finally, Atlas Private Wealth Advisors increased its position in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 104 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

(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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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