Taiwan Semiconductor Manufacturing (NYSE:TSM) Research Coverage Started at Loop Capital

Loop Capital started coverage on shares of Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) in a report issued on Tuesday morning, The Fly reports. The brokerage issued a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on TSM. cut shares of Taiwan Semiconductor Manufacturing from a buy rating to a hold rating in a research report on Thursday, April 14th. StockNews.com began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They issued a buy rating for the company. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $137.50.

NYSE:TSM opened at $84.12 on Tuesday. Taiwan Semiconductor Manufacturing has a 52 week low of $82.75 and a 52 week high of $145.00. The firm has a 50 day moving average of $91.66 and a 200 day moving average of $107.48. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $436.25 billion, a price-to-earnings ratio of 18.45 and a beta of 0.94.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its earnings results on Thursday, April 14th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The company had revenue of $491.08 billion during the quarter, compared to analysts’ expectations of $471.53 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 35.5% compared to the same quarter last year. As a group, analysts expect that Taiwan Semiconductor Manufacturing will post 5.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.46%.

Several large investors have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. Capital World Investors now owns 36,229,363 shares of the semiconductor company’s stock worth $4,358,774,000 after acquiring an additional 723,057 shares during the period. WCM Investment Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% in the fourth quarter. WCM Investment Management LLC now owns 26,212,577 shares of the semiconductor company’s stock worth $3,153,635,000 after acquiring an additional 150,902 shares during the period. Fisher Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 1.0% during the first quarter. Fisher Asset Management LLC now owns 26,188,624 shares of the semiconductor company’s stock valued at $2,730,426,000 after buying an additional 251,551 shares during the period. BlackRock Inc. grew its position in Taiwan Semiconductor Manufacturing by 10.2% during the first quarter. BlackRock Inc. now owns 17,944,240 shares of the semiconductor company’s stock valued at $1,870,867,000 after buying an additional 1,657,878 shares during the period. Finally, GQG Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 60.8% during the fourth quarter. GQG Partners LLC now owns 13,539,439 shares of the semiconductor company’s stock valued at $1,628,657,000 after buying an additional 5,117,716 shares during the period.

About Taiwan Semiconductor Manufacturing (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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