Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) has been assigned a consensus “moderate buy” recommendation by the ten rating companies that cover the company, reports MarketBeat Ratings. Three investment analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is $137.50.
Several analysts have recently weighed in on the stock. cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Thursday, April 14 research report. Needham & Company LLC restated a “buy” rating and set a price target of $125.00 on shares of Taiwan Semiconductor Manufacturing in a Thursday, April 14 research report. Loop Capital took over coverage of Taiwan Semiconductor Manufacturing stocks in a Tuesday, June 21 research report. They set a “buy” rating on the stock. Finally, StockNews.com took over coverage of Taiwan Semiconductor Manufacturing stocks in a Thursday, March 31 report. They set a “buy” rating on the stock.
Shares of TSM opened at $81.51 on Friday. The company has a debt ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The company’s 50-day moving average is $88.32 and its 200-day moving average is $104.50. Taiwan Semiconductor Manufacturing has a 12-month low of $73.74 and a 12-month high of $145.00.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its results on Thursday, April 14. The semiconductor company reported earnings per share (EPS) of $1.40 for the quarter, beating the consensus estimate of $1.31 by $0.09. Taiwan Semiconductor Manufacturing achieved a net margin of 38.44% and a return on equity of 30.84%. The company posted revenue of $491.08 billion for the quarter, versus $471.53 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.96. The company’s revenue for the quarter increased by 35.5% compared to the same quarter last year. On average, stock research analysts expect Taiwan Semiconductor Manufacturing to post earnings per share of 5.93 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13. Shareholders of record on Friday, September 16 will receive a dividend of $0.4625. This represents a dividend of $1.85 on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, September 15. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.46%.
Institutional investors have recently changed their positions in the company. Rise Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter for a value of approximately $26,000. Raleigh Capital Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during Q1 worth approximately $26,000. Curi Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during Q4, valued at around $28,000. Asset Dedication LLC increased its position in Taiwan Semiconductor Manufacturing by 176.2% during the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company valued at $35,000 after acquiring an additional 185 shares during the period. Finally, New England Inc.’s Retirement Planning Co bought a new position in Taiwan Semiconductor Manufacturing during Q4, valued at around $37,000.
Taiwan Semiconductor Manufacturing Company Profile (Get an evaluation)
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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