Susquehanna Reaffirms “Positive” Rating for Taiwan Semiconductor Manufacturing (NYSE:TSM)

Susquehanna reiterated their positive rating on shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) in a research report released on Tuesday morning, Benzinga reports. Susquehanna currently has a $250.00 target price on the semiconductor company’s stock.

Other research analysts have also issued research reports about the stock. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a buy rating in a research note on Monday, July 15th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a hold rating to a buy rating in a research note on Thursday, April 11th. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, June 20th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an overweight rating in a research report on Wednesday, June 5th. Finally, TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a hold rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $164.59 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $853.63 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.92 and a beta of 1.14. The firm’s 50 day moving average is $169.74 and its 200-day moving average is $148.19. Taiwan Semiconductor Manufacturing has a 1 year low of $84.01 and a 1 year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Finally, Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. 16.51% of the stock is currently owned by institutional investors.

About Taiwan Semiconductor Manufacturing

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.