Taiwan Semiconductor Manufacturing’s (TSM) Positive Rating Reiterated at Susquehanna

Susquehanna restated their positive rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a report published on Tuesday, Benzinga reports. They currently have a $250.00 target price on the semiconductor company’s stock.

Several other analysts have also recently issued reports on the stock. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an overweight rating in a report on Wednesday, June 5th. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a hold rating in a research note on Thursday, July 18th. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a buy rating in a report on Monday, July 15th. StockNews.com raised Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. Finally, Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an outperform rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of Moderate Buy and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $164.59 on Tuesday. Taiwan Semiconductor Manufacturing has a 1-year low of $84.01 and a 1-year high of $193.47. The stock has a market cap of $853.63 billion, a P/E ratio of 31.35, a PEG ratio of 0.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm has a 50-day moving average of $169.74 and a two-hundred day moving average of $148.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, research analysts expect that Taiwan Semiconductor Manufacturing will post 6.37 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.18%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several hedge funds have recently made changes to their positions in TSM. Van ECK Associates Corp lifted its stake in Taiwan Semiconductor Manufacturing by 53.4% in the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after buying an additional 6,060,511 shares during the last quarter. Capital International Investors lifted its position in Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the last quarter. Capital World Investors boosted its stake in Taiwan Semiconductor Manufacturing by 11.4% during the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares during the period. PineStone Asset Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares during the last quarter. Finally, Harding Loevner LP increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after purchasing an additional 2,008,043 shares during the period. Institutional investors own 16.51% of the company’s stock.

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.