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 a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.50.

Several analysts have recently weighed in on TSM shares. CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Saturday. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Goldman Sachs Group started coverage on shares of Taiwan Semiconductor Mfg. in a research report on Tuesday, May 7th. They set a “buy” rating and a $50.00 price objective for the company.

Taiwan Semiconductor Mfg. stock traded down $1.52 during trading on Wednesday, reaching $40.13. The stock had a trading volume of 3,529,353 shares, compared to its average volume of 6,842,651. Taiwan Semiconductor Mfg. has a 52-week low of $34.22 and a 52-week high of $45.64. The firm has a 50 day moving average of $41.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.62. The stock has a market capitalization of $216.00 billion, a PE ratio of 17.92, a PEG ratio of 3.28 and a beta of 1.02.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.79 EPS. As a group, sell-side analysts expect that Taiwan Semiconductor Mfg. will post 2.02 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th were given a dividend of $1.2756 per share. The ex-dividend date was Monday, June 24th. This represents a dividend yield of 2.56%. Taiwan Semiconductor Mfg.’s dividend payout ratio is presently 45.54%.

Large investors have recently modified their holdings of the company. Sanders Capital LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 2.8% in the 2nd quarter. Sanders Capital LLC now owns 36,914,907 shares of the semiconductor company’s stock valued at $1,597,773,000 after acquiring an additional 1,011,400 shares during the period. WCM Investment Management LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 0.7% in the 1st quarter. WCM Investment Management LLC now owns 24,811,806 shares of the semiconductor company’s stock valued at $1,016,291,000 after acquiring an additional 171,725 shares during the period. FMR LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 17.0% in the 1st quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock valued at $756,013,000 after acquiring an additional 2,687,148 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 32.8% in the 1st quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock valued at $645,953,000 after acquiring an additional 3,897,469 shares during the period. Finally, Fiera Capital Corp increased its holdings in shares of Taiwan Semiconductor Mfg. by 1.6% in the 1st quarter. Fiera Capital Corp now owns 13,575,179 shares of the semiconductor company’s stock valued at $556,040,000 after acquiring an additional 214,720 shares during the period. Institutional investors and hedge funds own 19.68% of the company’s stock.

About Taiwan Semiconductor Mfg.

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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