Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as $163.20 and last traded at $162.35. 4,712,167 shares traded hands during trading, a decline of 70% from the average session volume of 15,839,022 shares. The stock had previously closed at $160.49.

Analyst Ratings Changes

A number of research firms have recently commented on TSM. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen boosted 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. Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein boosted their price target 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. Finally, Susquehanna restated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 1.7 %

The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $848.60 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The business has a 50-day moving average price of $170.13 and a 200-day moving average price of $154.88.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the business earned $1.14 EPS. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. Equities 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 company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.19%. Taiwan Semiconductor Manufacturing’s payout ratio is 37.52%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $27,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

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.