Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 2.2% – Time to Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price was up 2.2% during trading on Wednesday . The company traded as high as $209.04 and last traded at $205.89. Approximately 7,421,332 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 14,495,152 shares. The stock had previously closed at $201.45.

Analyst Ratings Changes

TSM has been the subject of several recent analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.5 %

The stock has a market cap of $1.10 trillion, a PE ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07. The company’s fifty day moving average is $197.81 and its 200-day moving average is $184.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.77%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently made changes to their positions in TSM. Private Client Services LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $201,000. Trust Co of the South boosted its stake in shares of Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock worth $1,752,000 after acquiring an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $49,372,000. NRI Wealth Management LC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $1,545,000. Finally, HF Advisory Group LLC raised its holdings in Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after purchasing an additional 4,907 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

About Taiwan Semiconductor Manufacturing

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.