Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 0.1% – Time to Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price shot up 0.1% during mid-day trading on Monday . The company traded as high as $203.44 and last traded at $201.03. 5,349,290 shares changed hands during trading, a decline of 66% from the average session volume of 15,580,302 shares. The stock had previously closed at $200.78.

Analyst Ratings Changes

A number of research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Finally, TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The business’s 50-day moving average is $175.31 and its 200-day moving average is $164.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.97%. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. North Star Investment Management Corp. raised its holdings in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares during the period. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. Institutional investors own 16.51% of the company’s stock.

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.