Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.4%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were up 1.4% during trading on Wednesday . The stock traded as high as $184.86 and last traded at $179.69. Approximately 27,155,146 shares traded hands during trading, an increase of 101% from the average daily volume of 13,502,717 shares. The stock had previously closed at $177.24.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Trading Down 2.5 %

The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $908.81 billion, a PE ratio of 33.38, a P/E/G ratio of 1.23 and a beta of 1.11. The stock has a 50 day moving average price of $151.55 and a 200-day moving average price of $131.56.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Prudential PLC lifted its position in Taiwan Semiconductor Manufacturing by 19.4% during the third quarter. Prudential PLC now owns 2,925 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 476 shares in the last quarter. Brandywine Global Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 13.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 95,432 shares of the semiconductor company’s stock valued at $8,293,000 after buying an additional 11,230 shares in the last quarter. LPL Financial LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% during the 3rd quarter. LPL Financial LLC now owns 567,360 shares of the semiconductor company’s stock valued at $49,304,000 after acquiring an additional 42,771 shares during the period. Stifel Financial Corp increased its holdings in Taiwan Semiconductor Manufacturing by 2.9% in the 3rd quarter. Stifel Financial Corp now owns 609,492 shares of the semiconductor company’s stock worth $52,965,000 after acquiring an additional 17,053 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Taiwan Semiconductor Manufacturing by 34.9% during the 3rd quarter. Federated Hermes Inc. now owns 492,329 shares of the semiconductor company’s stock worth $42,783,000 after acquiring an additional 127,368 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

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.