Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Raised to $130.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective upped by TD Cowen from $100.00 to $130.00 in a research report released on Thursday, Marketbeat.com reports. TD Cowen currently has a hold rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on TSM. Needham & Company LLC reaffirmed a buy rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna lifted 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. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of Moderate Buy and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 3.5 %

Taiwan Semiconductor Manufacturing stock opened at $127.70 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company’s 50 day simple moving average is $136.50 and its 200 day simple moving average is $113.40. The firm has a market capitalization of $662.30 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.98 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.1 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders 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 dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. Financial Gravity Asset Management Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 208.9% during the third 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 position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $27,000. Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Finally, PCA Investment Advisory Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.