Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1% – Time to Buy?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shot up 1% during trading on Monday . The company traded as high as $206.25 and last traded at $203.77. 23,189,167 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 18,992,380 shares. The stock had previously closed at $201.83.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSM. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market cap of $1.04 trillion, a P/E ratio of 28.53, a PEG ratio of 0.67 and a beta of 1.06. The company has a fifty day moving average of $205.56 and a 200 day moving average of $190.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.36%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several large investors have recently added to or reduced their stakes in the company. Formidable Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 50 shares during the period. University of Texas Texas AM Investment Management Co. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 109.1% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 17,762 shares of the semiconductor company’s stock valued at $3,508,000 after acquiring an additional 9,267 shares in the last quarter. Vega Investment Solutions purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $320,000. Strait & Sound Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.9% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 1,524 shares of the semiconductor company’s stock valued at $301,000 after acquiring an additional 71 shares in the last quarter. Finally, Investment Management Corp VA ADV purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $40,000. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

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.