Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.4% – Still a Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rose 1.4% during mid-day trading on Tuesday . The company traded as high as $180.72 and last traded at $175.46. Approximately 13,448,345 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 17,949,230 shares. The stock had previously closed at $172.97.

Analyst Ratings Changes

Several analysts have commented on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock’s 50-day simple moving average is $204.06 and its two-hundred day simple moving average is $191.73. The stock has a market cap of $934.41 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several large investors have recently bought and sold shares of TSM. Dogwood Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 4.9% during the fourth quarter. Dogwood Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock worth $740,000 after buying an additional 176 shares in the last quarter. Cim LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 393.4% during the 4th quarter. Cim LLC now owns 8,146 shares of the semiconductor company’s stock worth $1,609,000 after purchasing an additional 6,495 shares in the last quarter. BridgePort Financial Solutions LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $340,000. Park Square Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $41,000. Finally, Total Wealth Planning & Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $738,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.