Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a research report sent to investors on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $168.00 target price on the semiconductor company’s stock.

Several other research firms have also weighed in on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research report on Thursday, April 11th. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a positive rating in a research report on Tuesday, April 2nd. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a hold rating in a research report on Thursday, April 18th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an overweight rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of Moderate Buy and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $160.00 on Wednesday. The stock has a market cap of $829.83 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. The stock’s 50-day moving average price is $142.03 and its two-hundred day moving average price is $122.82. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing has a 1 year low of $84.01 and a 1 year high of $160.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Financial Gravity Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares in the last quarter. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $27,000. North Star Investment Management Corp. grew its holdings in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. Finally, Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. 16.51% of the stock is 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.