Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.4% – Should You Buy?

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up 1.4% during trading on Monday . The company traded as high as $295.01 and last traded at $293.02. 6,024,164 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 14,212,787 shares. The stock had previously closed at $288.95.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSM. Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research note on Sunday, December 7th. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday, October 10th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $355.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The stock has a market capitalization of $1.55 trillion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31. The stock’s 50 day moving average is $292.20 and its two-hundred day moving average is $261.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 25.85%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $70,000. Sherman Porfolios LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $202,000. AIA Group Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $2,659,000. Mirabella Financial Services LLP raised its stake in shares of Taiwan Semiconductor Manufacturing by 122.8% in the third quarter. Mirabella Financial Services LLP now owns 17,361 shares of the semiconductor company’s stock valued at $4,839,000 after acquiring an additional 9,570 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at $328,000. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.