Taiwan Semiconductor Manufacturing’s (TSM) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $225.00 target price on the semiconductor company’s stock.

TSM has been the topic of a number of other reports. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two 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, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $211.52 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing has a 12-month low of $109.48 and a 12-month high of $222.20. The firm has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The firm has a 50 day moving average of $198.02 and a 200 day moving average of $184.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.04%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TSM. Axxcess Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 55.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock valued at $1,940,000 after acquiring an additional 3,991 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Taiwan Semiconductor Manufacturing by 2.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 113,657 shares of the semiconductor company’s stock valued at $19,755,000 after purchasing an additional 2,578 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Taiwan Semiconductor Manufacturing by 33.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,968 shares of the semiconductor company’s stock worth $5,383,000 after buying an additional 7,727 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Taiwan Semiconductor Manufacturing by 24.2% in the 2nd quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock worth $13,840,000 after buying an additional 15,522 shares during the last quarter. Finally, Waterloo Capital L.P. raised its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 2nd quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock valued at $315,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

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.