Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Lowered to $215.00 at Barclays

Taiwan Semiconductor Manufacturing (NYSE:TSM - Free Report) had its target price lowered by Barclays from $255.00 to $215.00 in a research report released on Monday, Marketbeat Ratings reports. The firm currently has an overweight rating on the semiconductor company's stock.

A number of other brokerages have also recently issued reports on TSM. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna lowered their price objective on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 0.7 %

NYSE:TSM traded up $1.10 during mid-day trading on Monday, reaching $165.28. The stock had a trading volume of 14,639,782 shares, compared to its average volume of 15,767,226. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $857.21 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing has a 1-year low of $128.86 and a 1-year high of $226.40. The stock's 50 day simple moving average is $169.84 and its two-hundred day simple moving average is $189.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.66%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 27.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently made changes to their positions in TSM. Morse Asset Management Inc increased its position in shares of Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after purchasing an additional 9,683 shares during the period. Advisory Resource Group grew its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock worth $1,387,000 after acquiring an additional 107 shares during the period. Virtu Financial LLC raised its position in Taiwan Semiconductor Manufacturing by 242.1% in the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after acquiring an additional 20,289 shares in the last quarter. Chelsea Counsel Co. lifted its holdings in Taiwan Semiconductor Manufacturing by 25.0% in the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company's stock valued at $87,000 after acquiring an additional 100 shares during the last quarter. Finally, Tudor Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $530,000. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

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.