Shares of $Taiwan Semiconductor (TSM.US)$have received a consensus rating of "Moderate Buy" from the eleven research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $94.00.
TSM has been the subject of a number of recent analyst reports. Erste Group Bank raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Friday, November 18th. StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 12th. They issued a "buy" rating on the stock. TheStreet lowered shares of Taiwan Semiconductor Manufacturing from a "b-" rating to a "c+" rating in a research report on Friday, November 4th. Cowen lowered their price objective on shares of Taiwan Semiconductor Manufacturing to $75.00 in a research note on Thursday, October 20th. Finally, The Goldman Sachs Group lowered Taiwan Semiconductor Manufacturing from a "conviction-buy" rating to a "buy" rating in a research report on Thursday, October 13th.
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Taiwan Semiconductor Manufacturing Stock Performance
NYSE TSM opened at $94.74 on Thursday. The business has a fifty day moving average of $81.91 and a 200-day moving average of $78.74. Taiwan Semiconductor Manufacturing has a fifty-two week low of $59.43 and a fifty-two week high of $128.66. The stock has a market cap of $491.35 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 0.83 and a beta of 1.06. The company has a quick ratio of 2.22, a current ratio of 2.49 and a debt-to-equity ratio of 0.32.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last issued its quarterly earnings results on Thursday, January 12th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.02. Taiwan Semiconductor Manufacturing had a net margin of 44.81% and a return on equity of 39.42%. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $20.29 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing will post 5.6 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 17th will be given a dividend of $0.3392 per share. This represents a $4.07 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, March 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 21.49%.
Institutional Trading of Taiwan Semiconductor Manufacturing
Hedge funds have recently made changes to their positions in the company. JB Capital LLC boosted its position in Taiwan Semiconductor Manufacturing by 2.3% in the 2nd quarter. JB Capital LLC now owns 5,126 shares of the semiconductor company's stock valued at $419,000 after buying an additional 116 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 8,037 shares of the semiconductor company's stock valued at $599,000 after purchasing an additional 116 shares during the last quarter. Heritage Wealth Advisors grew its stake in Taiwan Semiconductor Manufacturing by 53.4% during the 2nd quarter. Heritage Wealth Advisors now owns 359 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 125 shares in the last quarter. Zions Bancorporation N.A. raised its position in shares of Taiwan Semiconductor Manufacturing by 29.2% in the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 135 shares in the last quarter. Finally, StrategIQ Financial Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.0% in the 2nd quarter. StrategIQ Financial Group LLC now owns 3,746 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 16.79% of the company's stock.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.