Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 2.1% Higher

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price shot up 2.1% during trading on Thursday . The company traded as high as $189.33 and last traded at $186.24. 6,402,218 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 15,501,115 shares. The stock had previously closed at $182.35.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Trading Down 4.7 %

The company has a market cap of $923.03 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The business has a 50 day simple moving average of $167.50 and a 200 day simple moving average of $159.18.

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

Taiwan Semiconductor Manufacturing Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 13.0% in the 2nd quarter. Centaurus Financial Inc. now owns 12,859 shares of the semiconductor company’s stock valued at $2,235,000 after acquiring an additional 1,482 shares during the period. 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 acquiring an additional 2,500 shares in the last quarter. American Trust raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% during the second 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. bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $957,000. Finally, Lazari Capital Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $236,000. 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.