Brokerages Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Target Price at $200.00

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, 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 12 month price target among brokerages that have issued a report on the stock in the last year is $200.00.

Several brokerages recently commented on TSM. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

Taiwan Semiconductor Manufacturing stock opened at $147.64 on Tuesday. The firm has a market cap of $765.72 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 0.89 and a beta of 1.14. The stock has a fifty day simple moving average of $169.82 and a two-hundred day simple moving average of $147.49. Taiwan Semiconductor Manufacturing has a 12 month low of $84.01 and a 12 month high of $193.47. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. Equities analysts predict that Taiwan Semiconductor Manufacturing will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $29,000. First Community Trust NA purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $33,000. Finally, LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $27,000. 16.51% of the stock is owned by institutional investors.

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.