Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $33.50.

A number of analysts have issued reports on TSM shares. Zacks Investment Research raised Taiwan Semiconductor Manufacturing Company from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Saturday, March 18th. Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing Company and gave the company a “buy” rating in a report on Saturday, April 15th. BidaskClub lowered Taiwan Semiconductor Manufacturing Company from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Credit Suisse Group lowered Taiwan Semiconductor Manufacturing Company from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Finally, HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing Company from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st.

Hedge funds have recently made changes to their positions in the company. Park National Corp OH increased its stake in shares of Taiwan Semiconductor Manufacturing Company by 0.3% in the second quarter. Park National Corp OH now owns 6,575 shares of the semiconductor company’s stock worth $230,000 after buying an additional 18 shares in the last quarter. Mitchell Capital Management Co. increased its stake in shares of Taiwan Semiconductor Manufacturing Company by 0.7% in the first quarter. Mitchell Capital Management Co. now owns 7,946 shares of the semiconductor company’s stock worth $261,000 after buying an additional 56 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 7,830 shares of the semiconductor company’s stock worth $253,000 after buying an additional 63 shares in the last quarter. Wealthsource Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company by 1.2% in the first quarter. Wealthsource Partners LLC now owns 8,641 shares of the semiconductor company’s stock worth $284,000 after buying an additional 101 shares in the last quarter. Finally, Cypress Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company by 1.0% in the first quarter. Cypress Wealth Advisors LLC now owns 16,166 shares of the semiconductor company’s stock worth $531,000 after buying an additional 163 shares in the last quarter. Institutional investors own 19.84% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company (NYSE:TSM) traded up 0.28% during trading on Tuesday, hitting $36.25. The company’s stock had a trading volume of 7,196,612 shares. Taiwan Semiconductor Manufacturing Company has a 1-year low of $26.97 and a 1-year high of $36.92. The firm’s 50 day moving average is $35.71 and its 200-day moving average is $32.54. The company has a market capitalization of $187.99 billion, a P/E ratio of 16.40 and a beta of 0.77.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) last released its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The business had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. Taiwan Semiconductor Manufacturing Company had a net margin of 36.11% and a return on equity of 25.75%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $2.80 EPS. Analysts forecast that Taiwan Semiconductor Manufacturing Company will post $2.16 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th will be given a $0.927 dividend. The ex-dividend date of this dividend is Monday, June 26th. This represents a dividend yield of 3.25%. This is an increase from Taiwan Semiconductor Manufacturing Company’s previous annual dividend of $0.74. Taiwan Semiconductor Manufacturing Company’s dividend payout ratio (DPR) is currently 43.06%.

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Taiwan Semiconductor Manufacturing Company Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Analyst Recommendations for Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

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