Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 3% - Should You Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares rose 3% on Monday . The company traded as high as $217.60 and last traded at $217.39. Approximately 4,373,639 shares changed hands during trading, a decline of 72% from the average daily volume of 15,707,632 shares. The stock had previously closed at $211.10.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent research reports. Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a 50-day simple moving average of $180.24 and a 200-day simple moving average of $188.82. 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 stock has a market cap of $1.12 trillion, a PE ratio of 30.59, a P/E/G ratio of 0.66 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) 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 firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the stock. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $9,222,000. Hardman Johnston Global Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after buying an additional 26,847 shares during the period. Pinnacle Investment Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $26,661,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $349,241,000. Finally, North of South Capital LLP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 15.8% in the fourth quarter. North of South Capital LLP now owns 516,404 shares of the semiconductor company's stock worth $101,985,000 after acquiring an additional 70,362 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

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.

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