Analysts Set Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Target Price at $258.33

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have been given an average rating of “Buy” by the four analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $258.3333.

TSM has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Finally, Barclays reaffirmed an “overweight” rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $241.98 on Friday. Taiwan Semiconductor Manufacturing has a 52-week low of $134.25 and a 52-week high of $248.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. The firm has a market capitalization of $1.26 trillion, a P/E ratio of 27.59, a P/E/G ratio of 1.17 and a beta of 1.19. The stock has a 50 day moving average price of $227.34 and a 200 day moving average price of $196.67.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same period last year, the company earned $1.48 EPS. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 44.4% compared to the same quarter last year. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 28.16%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its stake in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock valued at $214,442,000 after purchasing an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,661,000. Sentry LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $222,000. Compound Global Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock valued at $747,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in Taiwan Semiconductor Manufacturing by 283.7% during the 1st quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company’s stock valued at $32,209,000 after purchasing an additional 143,457 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.