Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 3.3% – Should You Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares shot up 3.3% during trading on Monday . The stock traded as high as $204.28 and last traded at $203.69. 4,387,517 shares traded hands during trading, a decline of 71% from the average session volume of 15,067,510 shares. The stock had previously closed at $197.21.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

The firm’s 50-day simple moving average is $194.84 and its 200 day simple moving average is $180.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $1.07 trillion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.06%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.10%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several large investors have recently bought and sold shares of TSM. HF Advisory Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after acquiring an additional 4,907 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% in the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after purchasing an additional 6,664 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $613,000. Callahan Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 67.1% during the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after purchasing an additional 3,358 shares in the last quarter. Finally, Holocene Advisors LP raised its position in shares of Taiwan Semiconductor Manufacturing by 54.4% during the 3rd quarter. Holocene Advisors LP now owns 647,304 shares of the semiconductor company’s stock worth $112,417,000 after purchasing an additional 228,155 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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.