Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 2.4%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was up 2.4% during trading on Friday . The stock traded as high as $176.82 and last traded at $175.68. Approximately 4,196,303 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 15,055,048 shares. The stock had previously closed at $171.63.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 17th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, Sanford C. Bernstein boosted 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

The stock has a market cap of $904.41 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The company has a 50-day simple moving average of $154.04 and a two-hundred day simple moving average of $133.84. 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 posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CapWealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 21,329 shares during the last quarter. Dodge & Cox acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $6,396,000. Fisher Asset Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Aigen Investment Management LP acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $553,000. Finally, Credit Capital Investments LLC grew its holdings in Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after buying an additional 5,000 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

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.