Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $170.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target boosted by TD Cowen from $130.00 to $170.00 in a report published on Thursday, MarketBeat Ratings reports. The firm currently has a hold rating on the semiconductor company’s stock.

A number of other equities analysts have also weighed in on TSM. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an overweight rating in a research report on Wednesday, June 5th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a positive rating in a research report on Thursday, July 11th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research report on Thursday, April 11th. Sanford C. Bernstein increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, June 20th. Finally, Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a buy rating in a report on Monday, July 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $165.77 on Thursday. The firm has a market cap of $859.75 billion, a P/E ratio of 31.58, a PEG ratio of 1.06 and a beta of 1.14. The firm has a 50-day moving average of $168.40 and a 200 day moving average of $143.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing has a fifty-two week low of $84.01 and a fifty-two week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, research analysts expect that Taiwan Semiconductor Manufacturing will post 6.27 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. raised its stake in Taiwan Semiconductor Manufacturing by 24.1% in the second quarter. China Universal Asset Management Co. Ltd. now owns 88,773 shares of the semiconductor company’s stock valued at $15,465,000 after purchasing an additional 17,254 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Taiwan Semiconductor Manufacturing by 7.9% in the second quarter. First Horizon Advisors Inc. now owns 7,934 shares of the semiconductor company’s stock valued at $1,379,000 after purchasing an additional 582 shares in the last quarter. Continuum Advisory LLC raised its stake in Taiwan Semiconductor Manufacturing by 2.3% in the second quarter. Continuum Advisory LLC now owns 3,380 shares of the semiconductor company’s stock valued at $587,000 after purchasing an additional 76 shares in the last quarter. First Pacific Financial raised its stake in Taiwan Semiconductor Manufacturing by 35,585.7% in the second quarter. First Pacific Financial now owns 4,996 shares of the semiconductor company’s stock valued at $868,000 after purchasing an additional 4,982 shares in the last quarter. Finally, Parsons Capital Management Inc. RI raised its stake in shares of Taiwan Semiconductor Manufacturing by 5.8% during the second quarter. Parsons Capital Management Inc. RI now owns 4,524 shares of the semiconductor company’s stock worth $786,000 after acquiring an additional 250 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other 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.