Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 4% - Time to Buy?

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) shares traded up 4% during trading on Tuesday . The stock traded as high as $218.80 and last traded at $218.78. 4,971,950 shares changed hands during trading, a decline of 68% from the average session volume of 15,475,510 shares. The stock had previously closed at $210.32.

Analyst Ratings Changes

TSM has been the topic of a number of research analyst reports. Barclays reiterated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.50.

Taiwan Semiconductor Manufacturing Trading Up 2.0%

The stock has a market cap of $1.18 trillion, a PE ratio of 29.37, a PEG ratio of 1.15 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock has a fifty day moving average price of $191.46 and a 200 day moving average price of $190.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 15.2% in the first quarter. Voya Investment Management LLC now owns 2,698,437 shares of the semiconductor company's stock worth $447,896,000 after buying an additional 355,766 shares during the period. Guinness Asset Management LTD boosted its holdings in Taiwan Semiconductor Manufacturing by 3.1% during the 1st quarter. Guinness Asset Management LTD now owns 394,273 shares of the semiconductor company's stock valued at $65,396,000 after acquiring an additional 12,034 shares during the period. Peterson Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 1.9% in the 1st quarter. Peterson Wealth Management now owns 21,855 shares of the semiconductor company's stock valued at $3,628,000 after acquiring an additional 405 shares during the last quarter. 1248 Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $28,000. Finally, First Long Island Investors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 13.7% during the first quarter. First Long Island Investors LLC now owns 120,810 shares of the semiconductor company's stock worth $20,054,000 after purchasing an additional 14,583 shares during the last quarter. 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.