Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 2.2% Higher – Still a Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares rose 2.2% during mid-day trading on Wednesday . The stock traded as high as $209.04 and last traded at $205.89. Approximately 7,421,332 shares were traded during trading, a decline of 49% from the average daily volume of 14,495,152 shares. The stock had previously closed at $201.45.

Analyst Ratings Changes

Several brokerages have weighed in on TSM. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

The stock has a market cap of $1.10 trillion, a P/E ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 1.07. The company’s 50 day moving average price is $197.81 and its two-hundred day moving average price is $184.17. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.77%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently made changes to their positions in TSM. Private Client Services LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $201,000. Trust Co of the South raised its stake in shares of Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock worth $1,752,000 after acquiring an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $49,372,000. NRI Wealth Management LC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $1,545,000. Finally, HF Advisory Group LLC grew its holdings 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 worth $2,389,000 after purchasing an additional 4,907 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.