Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 0.5% After Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price traded up 0.5% on Wednesday after Barclays raised their price target on the stock from $200.00 to $215.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $200.00 and last traded at $199.49. 4,217,089 shares were traded during mid-day trading, a decline of 73% from the average session volume of 15,549,495 shares. The stock had previously closed at $198.48.

TSM has been the topic of a number of other research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BKM Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 15.8% during the 3rd quarter. BKM Wealth Management LLC now owns 4,562 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 622 shares in the last quarter. Parcion Private Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at $218,000. Lyell Wealth Management LP grew its position in Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Lyell Wealth Management LP now owns 60,547 shares of the semiconductor company’s stock worth $10,515,000 after buying an additional 854 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Taiwan Semiconductor Manufacturing by 22.4% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,004 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 184 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 12.8% in the 3rd quarter. Ballentine Partners LLC now owns 35,151 shares of the semiconductor company’s stock valued at $6,105,000 after acquiring an additional 3,976 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 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 stock has a 50-day moving average price of $177.14 and a 200-day moving average price of $165.51. The stock has a market cap of $1.04 trillion, a P/E ratio of 32.17, a P/E/G ratio of 1.16 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.