Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $125.34.

A number of analysts have recently issued reports on TSM shares. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and raised their price target for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Cowen began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Monday. They issued a “market perform” rating and a $120.00 price target on the stock. Finally, Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective for the company.

Get Taiwan Semiconductor Manufacturing alerts: A number of institutional investors have recently made changes to their positions in TSM. Milestone Resources Group Ltd increased its holdings in shares of Taiwan Semiconductor Manufacturing by 54.4% during the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its stake in Taiwan Semiconductor Manufacturing by 7.5% during the 2nd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,290 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 90 shares in the last quarter. Winch Advisory Services LLC raised its holdings in Taiwan Semiconductor Manufacturing by 53.6% during the second quarter. Winch Advisory Services LLC now owns 275 shares of the semiconductor company’s stock worth $33,000 after buying an additional 96 shares during the last quarter. Cloverfields Capital Group LP grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% during the first quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock valued at $637,000 after buying an additional 97 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 51.9% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 97 shares in the last quarter. 16.55% of the stock is owned by hedge funds and other institutional investors.

TSM traded up $1.31 during midday trading on Friday, reaching $111.35. 115,443 shares of the company were exchanged, compared to its average volume of 9,993,887. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The stock has a market capitalization of $577.47 billion, a P/E ratio of 29.27, a PEG ratio of 1.90 and a beta of 0.89. The stock’s 50-day simple moving average is $116.39 and its 200 day simple moving average is $117.01. Taiwan Semiconductor Manufacturing has a one year low of $83.16 and a one year high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The firm had revenue of $372.15 billion during the quarter, compared to analysts’ expectations of $372.58 billion. During the same quarter in the previous year, the company earned $4.66 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing will post 4.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be given a $0.4941 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 46.31%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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