Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives $157.00 Consensus Price Target from Analysts

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $157.00.

A number of equities analysts have issued reports on TSM shares. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $138.30 on Friday. The company has a market capitalization of $717.28 billion, a P/E ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15. The business’s 50 day moving average is $137.06 and its two-hundred day moving average is $114.81. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing has a 12-month low of $82.16 and a 12-month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors 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 annualized dividend and a dividend yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 74 shares during the period. Principle Wealth Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.3% during the first quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 77 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 3.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 90 shares during the last quarter. Avestar Capital LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 95 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds 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.