Taiwan Semiconductor Manufacturing (NYSE:TSM) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a report issued on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $225.00 target price on the semiconductor company’s stock.

Other analysts also recently issued reports about the company. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 4.0 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $215.06 on Thursday. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 34.46, a PEG ratio of 0.76 and a beta of 1.07. The stock’s 50-day moving average is $197.53 and its 200 day moving average is $183.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing has a one year low of $100.00 and a one year high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.92 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.77%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds have recently made changes to their positions in the stock. Axxcess Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 55.6% during the second quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock worth $1,940,000 after acquiring an additional 3,991 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 113,657 shares of the semiconductor company’s stock worth $19,755,000 after purchasing an additional 2,578 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 33.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,968 shares of the semiconductor company’s stock valued at $5,383,000 after purchasing an additional 7,727 shares during the period. Blair William & Co. IL grew its position in shares of Taiwan Semiconductor Manufacturing by 24.2% in the 2nd quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock worth $13,840,000 after buying an additional 15,522 shares during the last quarter. Finally, Waterloo Capital L.P. increased its position in Taiwan Semiconductor Manufacturing by 11.2% during the 2nd quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 182 shares during the period. 16.51% of the stock is owned by institutional investors.

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.