Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $50.00.
TSM has been the subject of several analyst reports. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Goldman Sachs Group initiated coverage on Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th.
Shares of NYSE TSM opened at $38.41 on Tuesday. The stock has a market capitalization of $199.20 billion, a P/E ratio of 17.15, a PEG ratio of 3.16 and a beta of 1.06. The company has a quick ratio of 2.33, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. has a 52-week low of $34.22 and a 52-week high of $45.64.
Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, April 18th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $7.10 billion during the quarter. Taiwan Semiconductor Mfg. had a return on equity of 19.91% and a net margin of 32.20%. As a group, research analysts forecast that Taiwan Semiconductor Mfg. will post 1.97 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Thursday, July 18th. Shareholders of record on Tuesday, June 25th will be paid a dividend of $1.2756 per share. This represents a yield of 2.56%. The ex-dividend date is Monday, June 24th. Taiwan Semiconductor Mfg.’s dividend payout ratio is presently 46.43%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC purchased a new stake in Taiwan Semiconductor Mfg. during the 1st quarter valued at approximately $142,000. Marshall Wace North America L.P. purchased a new position in shares of Taiwan Semiconductor Mfg. during the 1st quarter worth approximately $389,000. Clearbridge Investments LLC raised its stake in shares of Taiwan Semiconductor Mfg. by 1,896.5% during the 1st quarter. Clearbridge Investments LLC now owns 664,907 shares of the semiconductor company’s stock worth $27,235,000 after buying an additional 631,604 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Taiwan Semiconductor Mfg. by 3.8% during the 1st quarter. Princeton Global Asset Management LLC now owns 93,854 shares of the semiconductor company’s stock worth $3,844,000 after buying an additional 3,415 shares in the last quarter. Finally, GYL Financial Synergies LLC purchased a new position in shares of Taiwan Semiconductor Mfg. during the 1st quarter worth approximately $767,000. 19.65% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Mfg. Company Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
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