Taiwan Semiconductor Manufacturing (NYSE:TSM) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a research note released on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $168.00 price objective on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research report on Thursday, April 11th. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a positive rating in a research report on Tuesday, April 2nd. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a hold rating in a research report on Thursday, April 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an overweight rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.8 %

Shares of NYSE TSM opened at $159.98 on Wednesday. The company has a market cap of $829.72 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. Taiwan Semiconductor Manufacturing has a 12-month low of $84.01 and a 12-month high of $160.78. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $142.03 and its 200 day simple moving average is $122.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Equities research analysts expect that Taiwan Semiconductor Manufacturing will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cadence Bank boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after buying an additional 69 shares during the period. Joel Isaacson & Co. LLC boosted its position in Taiwan Semiconductor Manufacturing by 2.5% during the first quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 74 shares during the last quarter. Toth Financial Advisory Corp boosted its position in Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 74 shares during the last quarter. Principle Wealth Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 1.3% during the first quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 77 shares during the last quarter. Finally, BOKF NA raised its holdings in Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.