Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 4.1% After Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price traded up 4.1% on Tuesday after Susquehanna raised their price target on the stock from $180.00 to $200.00. Susquehanna currently has a positive rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $184.86 and last traded at $184.44. 9,692,052 shares changed hands during trading, a decline of 35% from the average session volume of 14,878,646 shares. The stock had previously closed at $177.24.

Several other equities analysts also recently weighed in on TSM. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays raised their price target 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 raised their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.00.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently modified their holdings of the stock. Hamilton Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $8,276,000. DekaBank Deutsche Girozentrale boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock worth $182,889,000 after acquiring an additional 69,157 shares during the last quarter. Peninsula Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $236,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Taiwan Semiconductor Manufacturing by 66.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 137,790 shares of the semiconductor company’s stock worth $18,746,000 after acquiring an additional 54,800 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in Taiwan Semiconductor Manufacturing by 40.8% during the first quarter. Cetera Advisor Networks LLC now owns 226,913 shares of the semiconductor company’s stock valued at $30,872,000 after buying an additional 65,744 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

The stock has a market capitalization of $928.32 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The business’s 50-day simple moving average is $150.32 and its two-hundred day simple moving average is $130.91.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.09%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.