Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 1.2% – Still a Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 1.2% during trading on Wednesday . The company traded as high as $183.78 and last traded at $182.08. 5,883,433 shares traded hands during trading, a decline of 67% from the average session volume of 18,063,633 shares. The stock had previously closed at $180.00.

Wall Street Analyst Weigh In

TSM has been the topic of several research reports. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The business has a 50-day moving average price of $202.55 and a 200-day moving average price of $191.61. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $915.80 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.11%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Crestwood Advisors Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 29.3% in the third quarter. Crestwood Advisors Group LLC now owns 3,289 shares of the semiconductor company’s stock valued at $571,000 after purchasing an additional 745 shares during the period. Crescent Grove Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $372,000. 1834 Investment Advisors Co. raised its position in Taiwan Semiconductor Manufacturing by 15.2% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,512 shares of the semiconductor company’s stock worth $436,000 after buying an additional 331 shares during the last quarter. Foster & Motley Inc. raised its position in Taiwan Semiconductor Manufacturing by 6.4% during the 3rd quarter. Foster & Motley Inc. now owns 1,788 shares of the semiconductor company’s stock worth $311,000 after buying an additional 107 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 13.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 14,398 shares of the semiconductor company’s stock valued at $2,500,000 after acquiring an additional 1,703 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.