Barclays Raises Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target to $150.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target hoisted by Barclays from $145.00 to $150.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on TSM. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a positive rating in a report on Tuesday, April 2nd. Needham & Company LLC reiterated a buy rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a hold rating in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $129.77 on Friday. Taiwan Semiconductor Manufacturing has a twelve month low of $81.21 and a twelve month high of $158.40. The stock has a market capitalization of $673.04 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 0.92 and a beta of 1.15. The stock has a fifty day simple moving average of $136.49 and a two-hundred day simple moving average of $113.70. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Sanders Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after acquiring an additional 1,501,548 shares in the last quarter. Capital World Investors increased its position in Taiwan Semiconductor Manufacturing by 11.4% during the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after buying an additional 4,240,928 shares in the last quarter. Fisher Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after buying an additional 1,649,279 shares in the last quarter. Finally, Morgan Stanley increased its position in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after buying an additional 2,400,882 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

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.