Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 0.5% Higher

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was up 0.5% on Wednesday . The company traded as high as $183.82 and last traded at $182.96. Approximately 3,004,164 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 15,521,775 shares. The stock had previously closed at $181.97.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSM shares. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC upped 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 note on Monday, July 15th. Susquehanna reiterated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 4.7 %

The stock has a market cap of $923.03 billion, a P/E ratio of 34.33, a PEG ratio of 1.07 and a beta of 1.14. 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 moving average price is $167.26 and its two-hundred day moving average price is $158.91.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.09%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.71%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently made changes to their positions in TSM. Seed Wealth Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after buying an additional 57 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares in the last quarter. Heron Bay Capital Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the second quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock valued at $834,000 after purchasing an additional 66 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock worth $3,082,000 after purchasing an additional 66 shares during the last quarter. Institutional investors 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.