Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.6%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price traded down 0.6% during mid-day trading on Friday . The stock traded as low as $172.21 and last traded at $174.25. 6,911,999 shares traded hands during trading, a decline of 54% from the average session volume of 15,072,100 shares. The stock had previously closed at $175.38.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSM. Susquehanna lifted 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. 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 report on Wednesday, June 5th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen boosted 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 reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

The firm has a market cap of $902.23 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11. The company’s 50-day simple moving average is $152.18 and its 200 day simple moving average is $132.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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. This represents a $1.95 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TSM. Prudential PLC raised its position in Taiwan Semiconductor Manufacturing by 19.4% in the 3rd quarter. Prudential PLC now owns 2,925 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 476 shares during the period. LPL Financial LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% during the 3rd quarter. LPL Financial LLC now owns 567,360 shares of the semiconductor company’s stock worth $49,304,000 after acquiring an additional 42,771 shares during the last quarter. Stifel Financial Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 609,492 shares of the semiconductor company’s stock valued at $52,965,000 after acquiring an additional 17,053 shares during the period. Northern Trust Corp grew its position in Taiwan Semiconductor Manufacturing by 44.1% in the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after acquiring an additional 1,068,723 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 56.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,311 shares of the semiconductor company’s stock worth $983,000 after purchasing an additional 4,100 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.