Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Given Average Recommendation of “Hold” by Analysts

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Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $50.00.

TSM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, June 5th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the company a “buy” rating in a research note on Tuesday, May 7th.

Taiwan Semiconductor Mfg. stock traded up $0.33 during midday trading on Friday, reaching $41.23. The company’s stock had a trading volume of 4,695,815 shares, compared to its average volume of 7,680,323. Taiwan Semiconductor Mfg. has a 52 week low of $34.22 and a 52 week high of $45.64. The company has a current ratio of 2.62, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $39.28. The firm has a market cap of $212.11 billion, a PE ratio of 18.41, a PEG ratio of 3.24 and a beta of 1.03.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, April 18th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. Taiwan Semiconductor Mfg. had a return on equity of 19.91% and a net margin of 32.20%. The firm had revenue of $7.10 billion for the quarter. Research analysts anticipate that Taiwan Semiconductor Mfg. will post 1.99 EPS for the current fiscal year.

The company also recently declared an annual dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th will be paid a dividend of $1.2756 per share. This represents a dividend yield of 2.56%. The ex-dividend date is Monday, June 24th. Taiwan Semiconductor Mfg.’s payout ratio is 45.09%.

Several hedge funds have recently made changes to their positions in the company. Sanders Capital LLC boosted its stake in shares of Taiwan Semiconductor Mfg. by 6.1% during the first quarter. Sanders Capital LLC now owns 35,903,507 shares of the semiconductor company’s stock valued at $1,625,456,000 after purchasing an additional 2,078,500 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Taiwan Semiconductor Mfg. by 0.7% during the first quarter. WCM Investment Management LLC now owns 24,811,806 shares of the semiconductor company’s stock valued at $1,016,291,000 after purchasing an additional 171,725 shares in the last quarter. FMR LLC boosted its stake in shares of Taiwan Semiconductor Mfg. by 17.0% during the first quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock valued at $756,013,000 after purchasing an additional 2,687,148 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Taiwan Semiconductor Mfg. by 70.5% in the fourth quarter. Bank of America Corp DE now owns 17,415,209 shares of the semiconductor company’s stock worth $642,796,000 after acquiring an additional 7,203,838 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 32.8% in the first quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock worth $645,953,000 after acquiring an additional 3,897,469 shares during the period. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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