Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $27.00.

TSM has been the subject of several analyst reports. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, June 15th. Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing and gave the company a “buy” rating in a report on Saturday, April 15th. BidaskClub cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th.

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Hedge funds have recently modified their holdings of the stock. Pictet & Cie Europe SA acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $134,000. Pictet North America Advisors SA acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $166,000. Advisory Services Network LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $184,000. U S Global Investors Inc acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $187,000. Finally, Sit Investment Associates Inc. increased its position in Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) traded down 0.24% during mid-day trading on Friday, reaching $36.70. The company had a trading volume of 3,301,186 shares. Taiwan Semiconductor Manufacturing has a 1-year low of $28.20 and a 1-year high of $36.96. The stock’s 50-day moving average price is $35.78 and its 200 day moving average price is $33.60. The company has a market capitalization of $190.33 billion, a PE ratio of 16.64 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The company had revenue of $213.86 billion during the quarter, compared to analysts’ expectations of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.65%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.80 earnings per share. Equities analysts expect that Taiwan Semiconductor Manufacturing will post $2.15 EPS for the current year.

The business also recently announced an annual dividend, which was paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th were issued a $0.927 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a yield of 3.25%. The ex-dividend date was Monday, June 26th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 42.59%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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