Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $150.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its target price increased by Barclays from $145.00 to $150.00 in a report published on Friday, Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on TSM. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a positive rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a hold rating in a report on Thursday. Finally, Needham & Company LLC reiterated a buy rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $127.71 on Friday. The firm has a market capitalization of $662.36 billion, a PE ratio of 24.65, a P/E/G ratio of 1.02 and a beta of 1.15. Taiwan Semiconductor Manufacturing has a twelve month low of $81.21 and a twelve month high of $158.40. The firm’s 50-day moving average price is $136.50 and its 200 day moving average price is $113.02. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.38%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.98%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in TSM. Johnson Financial Group Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $27,000. Sachetta LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.