Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 2.1% – Still a Buy?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 2.1% during trading on Wednesday . The company traded as high as $224.08 and last traded at $223.27. 8,184,542 shares were traded during trading, a decline of 54% from the average session volume of 17,606,820 shares. The stock had previously closed at $218.70.

Analysts Set New Price Targets

TSM has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The company’s 50-day simple moving average is $198.90 and its 200-day simple moving average is $184.97. The company has a market cap of $1.17 trillion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 0.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 0.98%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TSM. Private Client Services LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $201,000. Trust Co of the South boosted its position in Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 6,204 shares during the period. Headwater Capital Co Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $49,372,000. NRI Wealth Management LC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $1,545,000. Finally, FNY Investment Advisers LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 194.2% during the fourth quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock valued at $3,182,000 after acquiring an additional 10,637 shares during the period. 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.