Taiwan Semiconductor Manufacturing (NYSE:TSM) Receives Positive Rating from Susquehanna

Susquehanna reiterated their positive rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a report released on Wednesday morning, Benzinga reports. Susquehanna currently has a $250.00 target price on the semiconductor company’s stock.

Several other brokerages also recently weighed in on TSM. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, June 20th. Needham & Company LLC raised their target price 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. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an overweight rating in a report on Wednesday, June 5th. Finally, TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a hold rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of Moderate Buy and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $174.54 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $905.24 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14. The firm has a 50 day moving average of $171.29 and a 200 day moving average of $150.73. Taiwan Semiconductor Manufacturing has a 52 week low of $84.01 and a 52 week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same period in the previous year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 6.44 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently made changes to their positions in TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. NewSquare Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $32,000. 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.