Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Given Consensus Rating of "Moderate Buy" by Brokerages

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $220.00.

A number of analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th.

Taiwan Semiconductor Manufacturing Trading Up 3.8 %

Shares of NYSE TSM traded up $5.71 on Friday, reaching $156.84. 19,602,894 shares of the company traded hands, compared to its average volume of 15,813,147. The company has a 50 day moving average of $179.21 and a 200 day moving average of $190.90. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market capitalization of $813.44 billion, a PE ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.68%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc raised its stake in Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after acquiring an additional 9,683 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Taiwan Semiconductor Manufacturing by 1,391.8% during the third quarter. Two Sigma Advisers LP now owns 164,100 shares of the semiconductor company's stock valued at $28,499,000 after purchasing an additional 153,100 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $1,711,000. Kovitz Investment Group Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 31.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 23,244 shares of the semiconductor company's stock worth $3,697,000 after purchasing an additional 5,500 shares during the period. Finally, Insigneo Advisory Services LLC grew its position in Taiwan Semiconductor Manufacturing by 34.0% in the 3rd quarter. Insigneo Advisory Services LLC now owns 13,987 shares of the semiconductor company's stock valued at $2,429,000 after buying an additional 3,552 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

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.