Analysts Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) PT at $200.00

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $200.00.

A number of research analysts have issued reports on TSM shares. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Susquehanna reaffirmed a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $25,000. LifeSteps Financial Inc. bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $27,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $174.04 on Wednesday. Taiwan Semiconductor Manufacturing has a twelve month low of $84.01 and a twelve month high of $193.47. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $167.03 and its 200-day moving average price is $157.84. The company has a market cap of $902.64 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the previous year, the company earned $1.14 EPS. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 37.71%.

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.