Brokerages Set Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Price Target at $50.00

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) have received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.00.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, June 5th. Finally, Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the stock a “buy” rating in a report on Tuesday, May 7th.

A number of institutional investors have recently made changes to their positions in TSM. Diversified Trust Co boosted its position in Taiwan Semiconductor Mfg. by 27.1% in the second quarter. Diversified Trust Co now owns 35,214 shares of the semiconductor company’s stock worth $1,379,000 after purchasing an additional 7,503 shares during the last quarter. Patten Group Inc. boosted its position in Taiwan Semiconductor Mfg. by 13.1% in the second quarter. Patten Group Inc. now owns 6,943 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 802 shares during the last quarter. Cardinal Capital Management Inc. boosted its position in Taiwan Semiconductor Mfg. by 1.6% in the second quarter. Cardinal Capital Management Inc. now owns 196,892 shares of the semiconductor company’s stock worth $7,712,000 after purchasing an additional 3,060 shares during the last quarter. PFS Investments Inc. boosted its position in Taiwan Semiconductor Mfg. by 123.7% in the second quarter. PFS Investments Inc. now owns 44,126 shares of the semiconductor company’s stock worth $1,762,000 after purchasing an additional 24,402 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its position in Taiwan Semiconductor Mfg. by 1.8% in the second quarter. Naples Global Advisors LLC now owns 113,294 shares of the semiconductor company’s stock worth $4,438,000 after purchasing an additional 2,040 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Shares of NYSE TSM traded up $0.33 during midday trading on Friday, hitting $41.23. 4,695,815 shares of the stock traded hands, compared to its average volume of 7,680,323. The company has a market capitalization of $212.11 billion, a P/E ratio of 18.41, a PEG ratio of 3.24 and a beta of 1.03. Taiwan Semiconductor Mfg. has a one year low of $34.22 and a one year high of $45.64. The company’s 50 day moving average is $39.28. The company has a current ratio of 2.62, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The firm had revenue of $7.10 billion during the quarter. Taiwan Semiconductor Mfg. had a return on equity of 19.91% and a net margin of 32.20%. Research analysts predict that Taiwan Semiconductor Mfg. will post 1.99 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Thursday, July 18th. Investors of record on Tuesday, June 25th will be issued a dividend of $1.2756 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a yield of 2.56%. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) is currently 45.09%.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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