Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $209.00.
TSM has been the subject of several research reports. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a report on Thursday, July 18th.
Get Our Latest Research Report on TSM
Several large investors have recently bought and sold shares of TSM. Capital International Investors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company's stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. PineStone Asset Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock worth $1,352,992,000 after buying an additional 4,186,133 shares during the period. Clearbridge Investments LLC increased its position in Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock valued at $646,832,000 after acquiring an additional 3,237,998 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Taiwan Semiconductor Manufacturing by 1,226.7% in the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company's stock valued at $344,809,000 after acquiring an additional 1,834,298 shares during the period. Finally, GQG Partners LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.1% in the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company's stock worth $1,161,633,000 after acquiring an additional 1,710,673 shares during the last quarter. Institutional investors own 16.51% of the company's stock.
Shares of NYSE:TSM opened at $193.39 on Thursday. The business has a 50-day simple moving average of $181.89 and a two-hundred day simple moving average of $169.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing has a fifty-two week low of $91.60 and a fifty-two week high of $212.60.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.57%.
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.
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