Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 2.4%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares rose 2.4% during trading on Friday . The company traded as high as $176.82 and last traded at $175.68. Approximately 4,196,303 shares were traded during trading, a decline of 72% from the average daily volume of 15,055,048 shares. The stock had previously closed at $171.63.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSM. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

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 $901.45 billion, a PE ratio of 33.11, a PEG ratio of 1.18 and a beta of 1.11. The business has a fifty day moving average price of $155.76 and a 200-day moving average price of $134.84.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in Taiwan Semiconductor Manufacturing by 53.4% in the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after purchasing an additional 6,060,511 shares during the last quarter. Capital International Investors boosted its position in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares during the period. Capital World Investors grew its holdings in Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after acquiring an additional 4,240,928 shares during the last quarter. Morgan Stanley increased its position in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the period. Finally, Harding Loevner LP raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after acquiring an additional 2,008,043 shares during the last quarter. 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.