Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 4.6%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 4.6% during mid-day trading on Thursday . The stock traded as high as $175.08 and last traded at $174.92. 4,328,963 shares traded hands during trading, a decline of 72% from the average session volume of 15,570,156 shares. The stock had previously closed at $167.28.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research reports. Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Susquehanna reaffirmed a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. 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 has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market capitalization of $902.64 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14. The firm has a fifty day moving average price of $167.03 and a 200-day moving average price of $157.84.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.71%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently modified their holdings of the business. BOKF NA boosted its stake in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares in the last quarter. Dodge & Cox bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $6,396,000. Credit Capital Investments LLC increased its position in Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares in the last quarter. Cetera Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 80.7% during the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after purchasing an additional 35,404 shares in the last quarter. Finally, Prudential PLC lifted its stake in Taiwan Semiconductor Manufacturing by 21.2% in the 4th quarter. Prudential PLC now owns 3,544 shares of the semiconductor company’s stock valued at $369,000 after purchasing an additional 619 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.