Brokerages Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Target Price at $220.00

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $220.00.

A number of brokerages have weighed in on TSM. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th.

Taiwan Semiconductor Manufacturing Trading Down 0.9 %

Taiwan Semiconductor Manufacturing stock opened at $200.88 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing has a 12 month low of $122.91 and a 12 month high of $226.40. The stock’s 50 day simple moving average is $205.68 and its two-hundred day simple moving average is $190.15. The firm has a market cap of $1.04 trillion, a PE ratio of 28.53, a P/E/G ratio of 0.67 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.36%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TSM. Mount Yale Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares during the period. McHugh Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $605,000. OLD National Bancorp IN increased its stake in Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after purchasing an additional 2,368 shares during the last quarter. Private Client Services LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $201,000. Finally, YHB Investment Advisors Inc. increased its stake in Taiwan Semiconductor Manufacturing by 6.9% in the fourth quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock valued at $7,954,000 after purchasing an additional 2,604 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.