Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target Increased to $250.00 by Analysts at Susquehanna

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price objective hoisted by Susquehanna from $200.00 to $250.00 in a research note published on Thursday, Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

TSM has been the subject of a number of other research reports. Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an outperform rating in a report on Thursday, June 20th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an overweight rating in a research note on Wednesday, June 5th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a hold rating in a research note on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research note on Thursday, April 11th. Finally, Needham & Company LLC reissued a buy rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $183.60.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

NYSE TSM opened at $184.47 on Thursday. The stock has a 50-day simple moving average of $164.26 and a 200 day simple moving average of $139.62. The company has a market capitalization of $956.74 billion, a PE ratio of 35.14, a P/E/G ratio of 1.31 and a beta of 1.14. 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 has a 12 month low of $84.01 and a 12 month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Research analysts forecast that Taiwan Semiconductor Manufacturing will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. North Star Investment Management Corp. raised its stake in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares during the period. Finally, Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. 16.51% of the stock is 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.