Sanford C. Bernstein Boosts Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target to $200.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target lifted by Sanford C. Bernstein from $150.00 to $200.00 in a research report released on Thursday morning, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on TSM. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a positive rating in a report on Monday, June 17th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an overweight rating in a report on Wednesday, June 5th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a report on Thursday, April 11th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a hold rating in a report on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of Moderate Buy and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $173.96 on Thursday. The firm has a market capitalization of $902.23 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.20 and a beta of 1.11. Taiwan Semiconductor Manufacturing has a one year low of $84.01 and a one year high of $184.86. The business has a fifty day simple moving average of $152.18 and a 200 day simple moving average of $132.34. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Sell-side 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. Shareholders of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

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