Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives $157.00 Consensus PT from Analysts

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) have earned an average rating of "Moderate Buy" from the four ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $157.00.

A number of equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, April 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Finally, Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research report on Tuesday, April 2nd.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded down $3.35 during mid-day trading on Thursday, hitting $152.23. 13,309,564 shares of the stock were exchanged, compared to its average volume of 15,199,993. The company has a market cap of $789.53 billion, a P/E ratio of 29.39, a PEG ratio of 1.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing has a twelve month low of $84.01 and a twelve month high of $158.40. The stock's fifty day simple moving average is $140.31 and its two-hundred day simple moving average is $119.62.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing will post 6.16 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 32.76%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TSM. Van ECK Associates Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 53.4% during the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company's stock valued at $2,369,473,000 after acquiring an additional 6,060,511 shares in the last quarter. Capital International Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company's stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Capital World Investors raised its holdings in Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company's stock valued at $4,301,178,000 after buying an additional 4,240,928 shares during the last quarter. Morgan Stanley grew its holdings in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock worth $2,068,583,000 after acquiring an additional 2,400,882 shares during the last quarter. Finally, Harding Loevner LP increased its position in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company's stock valued at $1,222,768,000 after acquiring an additional 2,008,043 shares during the period. 16.51% of the stock is owned by institutional investors.

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.