Brokerages Set Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Target Price at $449.38

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have been assigned an average rating of “Buy” from the sixteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $449.3750.

A number of research firms have recently issued reports on TSM. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, June 17th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. Finally, Bank of America upped their target price on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $16.18 during trading on Tuesday, reaching $435.61. 7,445,153 shares of the company’s stock were exchanged, compared to its average volume of 13,925,775. Taiwan Semiconductor Manufacturing has a twelve month low of $223.70 and a twelve month high of $479.00. The firm’s fifty day moving average price is $421.78 and its 200-day moving average price is $369.10. The company has a quick ratio of 2.31, a current ratio of 2.49 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.26 trillion, a PE ratio of 36.25, a PEG ratio of 1.09 and a beta of 1.36.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Wednesday, April 15th. The semiconductor company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.18. Taiwan Semiconductor Manufacturing had a return on equity of 36.81% and a net margin of 46.97%.The business had revenue of $35.49 billion during the quarter, compared to the consensus estimate of $35.47 billion. During the same quarter last year, the firm posted $2.12 EPS. The company’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing will post 15.35 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a $1.1136 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s payout ratio is currently 25.12%.

Insiders Place Their Bets

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan bought 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Monday, June 22nd. The stock was bought at an average price of $79.19 per share, with a total value of $79,190.00. Following the completion of the transaction, the vice president owned 5,000 shares in the company, valued at $395,950. The trade was a 25.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Bor-Zen Tien purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $69.91 per share, for a total transaction of $139,820.00. Following the completion of the purchase, the vice president directly owned 11,051 shares of the company’s stock, valued at $772,575.41. This represents a 22.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 5,496 shares of company stock worth $404,567 in the last 90 days. Company insiders own 1.11% of the company’s stock.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently bought and sold shares of the business. Tiger Global Management LLC grew its position in Taiwan Semiconductor Manufacturing by 49.4% during the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock worth $1,880,717,000 after buying an additional 1,839,600 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.1% during the 4th quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company’s stock valued at $5,307,428,000 after acquiring an additional 1,750,824 shares during the period. Life Cycle Investment Partners Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $495,163,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 168.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company’s stock worth $636,077,000 after purchasing an additional 1,313,917 shares in the last quarter. Finally, SurgoCap Partners LP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $360,443,000. Institutional investors own 16.51% of the company’s stock.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: TSMC’s AI-related foundry demand remains very strong, with its 3nm capacity reported at full utilization and price increases on advanced nodes helping expand margins. Silicon Starvation: Amazon Feasts on Legacy GPUs
• Positive Sentiment: Several recent articles say investors are rotating into AI chip and memory stocks, reinforcing the broader semiconductor rally and supporting TSMC’s valuation. The AI Trade Is Off to a Hot Start This Week as Chip, Memory Stocks Surge
• Positive Sentiment: Analysts continue to highlight TSMC as a key winner in AI supply chains, with recent notes pointing to strong growth in advanced logic wafer demand and rising price targets. Is Taiwan Semiconductor Manufacturing (TSM) One of the Top AI Stocks to Buy According to Philippe Laffont?
• Neutral Sentiment: Goldman Sachs reportedly turned more cautious on TSMC, which could weigh on sentiment even though the article does not detail the full reasoning. Goldman Sachs turns its back on major semiconductor stock Taiwan Semiconductor Manufacturing

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.