Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $212.00.

A number of brokerages have weighed in on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently modified their holdings of the company. Genus Capital Management Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 199.2% during the 1st quarter. Genus Capital Management Inc. now owns 12,446 shares of the semiconductor company's stock worth $2,066,000 after buying an additional 24,996 shares during the last quarter. MJP Associates Inc. ADV boosted its holdings in Taiwan Semiconductor Manufacturing by 3.4% in the first quarter. MJP Associates Inc. ADV now owns 3,160 shares of the semiconductor company's stock valued at $524,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC increased its stake in Taiwan Semiconductor Manufacturing by 13.2% in the first quarter. Cerity Partners LLC now owns 568,710 shares of the semiconductor company's stock valued at $94,407,000 after purchasing an additional 66,424 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $2,389,000. Finally, Alps Advisors Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 37.1% during the first quarter. Alps Advisors Inc. now owns 5,964 shares of the semiconductor company's stock worth $990,000 after purchasing an additional 1,613 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $166.66 on Thursday. Taiwan Semiconductor Manufacturing has a 12-month low of $133.21 and a 12-month high of $226.40. The stock has a market cap of $864.37 billion, a P/E ratio of 23.67, a PEG ratio of 0.66 and a beta of 1.16. The company has a 50-day moving average price of $167.00 and a 200 day moving average price of $188.67. 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 (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side 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. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.65%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.76%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.