Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Taiwan Semiconductor Manufacturing Company (TSM) has received a consensus recommendation of "Buy" from four analysts, with an average 12-month target price of $258.33.
• The company's stock price recently opened at $241.91, and it reported financial results that exceeded expectations, with a revenue of $30.07 billion for the quarter.
• TSM's quarterly dividend will be paid on October 9, with a yield of 1.1%, although the company has made cuts to its dividend payout.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) has earned a consensus recommendation of "Buy" from the four ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $258.3333.

TSM has been the topic of a number of analyst reports. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Barclays reissued an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several large investors have recently bought and sold shares of TSM. City Holding Co. increased its position in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 119 shares in the last quarter. 1248 Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $28,000. Accredited Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Signature Resources Capital Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 111 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 0.3%

Taiwan Semiconductor Manufacturing stock opened at $241.91 on Friday. The firm has a market cap of $1.25 trillion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. Taiwan Semiconductor Manufacturing has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The firm has a fifty day moving average price of $226.40 and a two-hundred day moving average price of $196.91.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The company had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The business's revenue was up 44.4% compared to the same quarter last year. As a group, analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current 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 issued a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.

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 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.

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