Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 0.1% – Still a Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares shot up 0.1% during mid-day trading on Monday . The stock traded as high as $205.50 and last traded at $201.11. 5,892,132 shares were traded during mid-day trading, a decline of 61% from the average session volume of 15,103,258 shares. The stock had previously closed at $200.99.

Analyst Ratings Changes

TSM has been the topic of a number of recent research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 0.8 %

The firm has a 50 day simple moving average of $193.68 and a 200 day simple moving average of $178.98. The firm has a market cap of $1.04 trillion, a P/E ratio of 32.15, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of large investors have recently modified their holdings of the business. HF Advisory Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 55.5% in the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after acquiring an additional 4,907 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% in the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after buying an additional 6,664 shares during the period. Advisor Resource Council bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $613,000. Callahan Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 67.1% during the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock valued at $1,452,000 after buying an additional 3,358 shares during the period. Finally, Holocene Advisors LP raised its position in Taiwan Semiconductor Manufacturing by 54.4% during the 3rd quarter. Holocene Advisors LP now owns 647,304 shares of the semiconductor company’s stock valued at $112,417,000 after purchasing an additional 228,155 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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.