Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 2% Higher - Should You Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price shot up 2% during trading on Tuesday . The stock traded as high as $196.58 and last traded at $195.73. 3,641,158 shares were traded during mid-day trading, a decline of 77% from the average session volume of 15,823,364 shares. The stock had previously closed at $191.98.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSM. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market capitalization of $1.02 trillion, a PE ratio of 27.87, a PEG ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50 day moving average price of $170.10 and a 200 day moving average price of $187.33.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently bought and sold shares of the business. McHugh Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $605,000. OLD National Bancorp IN raised its position in Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Guardian Partners Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $9,222,000. Hardman Johnston Global Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 7.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after acquiring an additional 26,847 shares in the last quarter. Finally, YHB Investment Advisors Inc. raised its position in Taiwan Semiconductor Manufacturing by 6.9% during the fourth quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company's stock valued at $7,954,000 after acquiring an additional 2,604 shares in the last quarter. 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 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.