Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) received a consensus rating of “moderate buy” from the thirteen research firms that cover the business, reports MarketBeat Ratings. Three research analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average price target among analysts who have rated the stock over the past year is $116.57.
Several equity research analysts have weighed in on the company recently. TheStreet downgraded Taiwan Semiconductor Manufacturing from a “b-” rating to a “c+” rating in a research note on Friday, November 4. Goldman Sachs Group downgraded Taiwan Semiconductor Manufacturing from a “buy conviction” rating to a “buy” rating in a Thursday, Oct. 13 research note. StockNews.com supported coverage of Taiwan Semiconductor Manufacturing in a Wednesday, October 12 research note. They set a “buy” rating for the company. Finally, Cowen reduced his price target on Taiwan Semiconductor Manufacturing to $75.00 in a Thursday, October 20 research note.
Taiwan Semiconductor Manufacturing Stock Performance
TSM opened at $73.83 on Friday. The company has a market capitalization of $382.91 billion, a PE ratio of 12.53, a P/E/G ratio of 0.46 and a beta of 0.95. The company has a quick ratio of 2.00, a current ratio of 2.25 and a leverage ratio of 0.31. The company has a fifty-day simple moving average of $69.88 and a 200-day simple moving average of $81.41. Taiwan Semiconductor Manufacturing has a fifty-two week low of $59.43 and a fifty-two week high of $145.00.
Taiwan Semiconductor Manufacturing Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, April 13. Investors of record on Friday, March 17 will receive a dividend of $0.3392 per share. The ex-dividend date is Thursday, March 16. This represents an annualized dividend of $4.07 and a dividend yield of 5.51%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 23.26%.
Taiwan Semiconductor Manufacturing Institutional Trade
Hedge funds and other institutional investors have recently changed their holdings in the company. Fisher Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 1.0% during the first quarter. Fisher Asset Management LLC now owns 26,188,624 shares of the semiconductor company worth $2,730,426,000 after purchasing an additional 251,551 shares in the last quarter. BlackRock Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 10.2% in the first quarter. BlackRock Inc. now owns 17,944,240 shares of the semiconductor company valued at $1,870,867,000 after buying an additional 1,657,878 shares last quarter. Fiera Capital Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 1.7% in the second quarter. Fiera Capital Corp now owns 15,875,702 shares of the semiconductor company valued at $1,297,839,000 after buying 261,287 additional shares in the last quarter. Bank of America Corp DE increased its position in shares of Taiwan Semiconductor Manufacturing by 8.7% in the first quarter. Bank of America Corp DE now owns 12,366,535 shares of the semiconductor company valued at $1,289,334,000 after buying an additional 987,792 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 5.5% in the third quarter. Van ECK Associates Corp now owns 10,023,610 shares of the semiconductor company valued at $687,219,000 after buying an additional 523,674 shares in the last quarter. 16.86% of the shares are currently held by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Company Profile
(Get a rating)
Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio-frequency, and embedded memory semiconductors.
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