Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 1.7% – Should You Buy?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were up 1.7% during mid-day trading on Monday . The stock traded as high as $209.17 and last traded at $208.60. Approximately 3,788,989 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 15,743,980 shares. The stock had previously closed at $205.18.

Analyst Ratings Changes

Several equities research analysts have commented on TSM shares. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 1.4%

The business has a fifty day moving average price of $174.27 and a two-hundred day moving average price of $187.85. The firm has a market cap of $1.08 trillion, a PE ratio of 29.52, a P/E/G ratio of 0.66 and a beta of 1.27. 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 (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.46%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently bought and sold shares of TSM. Tallon Kerry Patrick acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $228,000. LaFleur & Godfrey LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $221,000. Brighton Jones LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $91,830,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $305,000. 16.51% of the stock is currently 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.