Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.6%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was up 1.6% during trading on Tuesday . The stock traded as high as $171.34 and last traded at $170.50. Approximately 4,938,492 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 15,137,350 shares. The stock had previously closed at $167.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TSM shares. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Finally, TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Down 0.3 %

The firm has a fifty day simple moving average of $153.39 and a 200-day simple moving average of $133.57. The firm has a market cap of $892.17 billion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $18.38 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current 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 issued a dividend of $0.4865 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently added to or reduced their stakes in the business. CapWealth Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after buying an additional 21,329 shares during the period. Dodge & Cox bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $6,396,000. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the period. Aigen Investment Management LP bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $553,000. Finally, Credit Capital Investments LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 9.4% in the fourth 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 during the period. 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.