Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 1.2% Higher - Time to Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price traded up 1.2% during trading on Thursday . The company traded as high as $205.25 and last traded at $204.83. 3,122,697 shares were traded during trading, a decline of 80% from the average session volume of 15,802,041 shares. The stock had previously closed at $202.40.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSM. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 29.13, a PEG ratio of 0.66 and a beta of 1.21. The business has a fifty day moving average price of $173.54 and a 200 day moving average price of $187.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its 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. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 1.27%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.46%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds have recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $27,000. City Holding Co. grew its holdings 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 purchasing an additional 119 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds 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.