Taiwan Semiconductor Manufacturing (NYSE:TSM) PT Raised to $215.00 at Barclays

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target increased by Barclays from $200.00 to $215.00 in a research report sent to investors on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

TSM has been the subject of several other reports. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $203.33 on Wednesday. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing has a twelve month low of $84.95 and a twelve month high of $212.60. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $178.19 and a two-hundred day moving average of $166.16.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.96%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. North Star Investment Management Corp. increased its holdings in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $29,000. 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.