Analysts Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Price Target at $157.00

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been assigned an average rating of “Moderate Buy” from the four analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $157.00.

Several research firms have commented on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Susquehanna lifted their price objective 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, April 2nd. Needham & Company LLC reiterated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,740 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 246 shares during the period. CWM LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. CWM LLC now owns 27,217 shares of the semiconductor company’s stock valued at $2,365,000 after acquiring an additional 386 shares during the period. AE Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 23.4% during the 3rd quarter. AE Wealth Management LLC now owns 20,149 shares of the semiconductor company’s stock worth $1,751,000 after purchasing an additional 3,818 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,061 shares of the semiconductor company’s stock worth $440,000 after purchasing an additional 242 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in shares of Taiwan Semiconductor Manufacturing by 10.5% in the 3rd quarter. Artemis Investment Management LLP now owns 4,021 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 382 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $136.61 on Friday. The company has a fifty day moving average of $136.83 and a two-hundred day moving average of $114.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing has a 1 year low of $81.21 and a 1 year high of $158.40. The company has a market capitalization of $708.52 billion, a PE ratio of 26.02, a P/E/G ratio of 0.95 and a beta of 1.15.

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 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Taiwan Semiconductor Manufacturing Company Profile

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.