Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $130.00

Taiwan Semiconductor Manufacturing (NYSE:TSM - Free Report) had its price objective boosted by TD Cowen from $100.00 to $130.00 in a research note released on Thursday, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the semiconductor company's stock.

Several other equities research analysts have also recently weighed in on the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a positive rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC restated a buy rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $155.75.

Taiwan Semiconductor Manufacturing Trading Down 4.9 %

NYSE TSM traded down $6.78 on Thursday, hitting $132.25. The company's stock had a trading volume of 39,238,378 shares, compared to its average volume of 15,709,738. Taiwan Semiconductor Manufacturing has a 52-week low of $81.21 and a 52-week high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The company's 50-day simple moving average is $136.64 and its 200 day simple moving average is $112.61. The firm has a market cap of $685.90 billion, a P/E ratio of 25.56, a PEG ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The business had revenue of $19.62 billion during the quarter, compared to analysts' expectations of $18.99 billion. Research analysts predict that Taiwan Semiconductor Manufacturing will post 6.15 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's payout ratio is presently 33.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tsfg LLC raised its stake in Taiwan Semiconductor Manufacturing by 470.7% during the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock valued at $32,000 after buying an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $25,000. Sachetta LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $29,000. Finally, PCA Investment Advisory Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $29,000. 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.