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

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSM. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Susquehanna reiterated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 5.4 %

The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company’s 50 day simple moving average is $167.47 and its 200-day simple moving average is $157.46. The firm has a market cap of $914.00 billion, a P/E ratio of 33.32, a PEG ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 37.71%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently added to or reduced their stakes in the stock. KP Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 9.1% during the second quarter. KP Management LLC now owns 30,000 shares of the semiconductor company’s stock worth $5,214,000 after purchasing an additional 2,500 shares in the last quarter. American Trust grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% in the 2nd quarter. American Trust now owns 44,156 shares of the semiconductor company’s stock worth $7,675,000 after acquiring an additional 346 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $957,000. Lazari Capital Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $236,000. Finally, Sanctuary Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $26,960,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.