Analysts Set Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Price Target at $212.00

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $212.00.

Several equities analysts have weighed in on the company. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th.

Taiwan Semiconductor Manufacturing Trading Down 2.1%

Taiwan Semiconductor Manufacturing stock traded down $4.03 during midday trading on Monday, reaching $192.16. The stock had a trading volume of 9,389,395 shares, compared to its average volume of 15,870,958. The firm's fifty day simple moving average is $169.32 and its two-hundred day simple moving average is $187.32. 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 has a twelve month low of $133.57 and a twelve month high of $226.40. The firm has a market cap of $996.61 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.66 and a beta of 1.21.

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 business had revenue of $25.82 billion during the quarter, compared to analysts' expectations 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 fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several large investors have recently added to or reduced their stakes in TSM. Tallon Kerry Patrick acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $228,000. LaFleur & Godfrey LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $221,000. Nisa Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 16.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock valued at $419,000 after acquiring an additional 300 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after acquiring an additional 1,892 shares in the last quarter. Finally, RFG Advisory LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 15.0% in the 4th quarter. RFG Advisory LLC now owns 8,434 shares of the semiconductor company's stock worth $1,666,000 after purchasing an additional 1,098 shares during the last quarter. 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.