Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Average Recommendation of “Moderate Buy” from Brokerages



Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $137.50.

Several analysts have recently weighed in on the stock. cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating on the stock. Finally, StockNews.com assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They set a “buy” rating on the stock.

Shares of TSM stock opened at $81.51 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The firm’s 50 day moving average is $88.32 and its 200 day moving average is $104.50. Taiwan Semiconductor Manufacturing has a 12 month low of $73.74 and a 12 month high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last posted its earnings results on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The business had revenue of $491.08 billion for the quarter, compared to analysts’ expectations of $471.53 billion. During the same period in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing will post 5.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annual basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, September 15th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.46%.

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $26,000. Curi Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $28,000. Asset Dedication LLC lifted its position in Taiwan Semiconductor Manufacturing by 176.2% during the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 185 shares during the period. Finally, Retirement Planning Co of New England Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $37,000.

Taiwan Semiconductor Manufacturing Company Profile (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Analyst Recommendations for Taiwan Semiconductor Manufacturing (NYSE:TSM)



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