Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 0.8% Higher Following Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was up 0.8% during mid-day trading on Tuesday after Barclays raised their price target on the stock from $215.00 to $240.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $190.00 and last traded at $189.02. Approximately 2,447,006 shares traded hands during trading, a decline of 84% from the average daily volume of 15,351,876 shares. The stock had previously closed at $187.48.

A number of other equities analysts also recently issued reports on the company. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently bought and sold shares of TSM. Virtu Financial LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 242.1% in the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company’s stock valued at $4,979,000 after buying an additional 20,289 shares in the last quarter. Advisory Resource Group raised its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company’s stock worth $1,387,000 after purchasing an additional 107 shares during the period. M&T Bank Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 12.4% during the third quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company’s stock worth $41,979,000 after purchasing an additional 26,715 shares during the period. TCW Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 0.5% during the 3rd quarter. TCW Group Inc. now owns 176,017 shares of the semiconductor company’s stock worth $30,569,000 after buying an additional 837 shares during the period. Finally, Soltis Investment Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 673.3% during the 3rd quarter. Soltis Investment Advisors LLC now owns 17,105 shares of the semiconductor company’s stock worth $2,971,000 after buying an additional 14,893 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

The company has a fifty day simple moving average of $187.19 and a 200-day simple moving average of $173.23. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $977.17 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 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.