Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 4.6% – Time to Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price rose 4.6% during mid-day trading on Monday . The company traded as high as $193.80 and last traded at $193.18. Approximately 5,931,940 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 15,220,521 shares. The stock had previously closed at $184.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 0.85 and a beta of 1.12. The firm has a 50-day simple moving average of $189.16 and a two-hundred day simple moving average of $175.32. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently made changes to their positions in the company. HF Advisory Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 55.5% during 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 in the last quarter. Impax Asset Management Group plc boosted its stake in Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after buying an additional 6,664 shares during the last quarter. Advisor Resource Council purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $613,000. Callahan Advisors LLC raised its holdings 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 acquiring an additional 3,358 shares during the period. Finally, Waverton Investment Management Ltd grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.5% in the third quarter. Waverton Investment Management Ltd now owns 789,549 shares of the semiconductor company’s stock valued at $137,129,000 after purchasing an additional 48,221 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.