Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Increased to $250.00 by Analysts at Susquehanna

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective upped by Susquehanna from $200.00 to $250.00 in a report issued on Thursday morning, Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other brokerages have also weighed in on TSM. TD Cowen raised 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, April 18th. Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an outperform rating in a research note on Thursday, June 20th. StockNews.com raised Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research report on Thursday, April 11th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an overweight rating in a research report on Wednesday, June 5th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of Moderate Buy and an average price target of $183.60.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

NYSE:TSM opened at $187.35 on Thursday. Taiwan Semiconductor Manufacturing has a 12-month low of $84.01 and a 12-month high of $193.47. The firm has a market cap of $971.67 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $165.18 and a 200 day moving average price of $140.70.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. CapWealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares during the period. Dodge & Cox purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $6,396,000. Fisher Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after purchasing an additional 442,289 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $553,000. Finally, Credit Capital Investments LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors 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.