Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 0.3% Higher - Still a Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price rose 0.3% during mid-day trading on Friday . The company traded as high as $196.25 and last traded at $195.24. Approximately 3,798,010 shares were traded during trading, a decline of 75% from the average daily volume of 15,059,506 shares. The stock had previously closed at $194.64.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

The company's 50 day simple moving average is $194.03 and its 200-day simple moving average is $179.21. The firm has a market cap of $1.02 trillion, a P/E ratio of 31.60, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.11%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $25,000. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $32,000. Finally, Sugarloaf Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.