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

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were up 2.4% on Wednesday . The company traded as high as $180.83 and last traded at $179.84. Approximately 6,015,168 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 14,969,439 shares. The stock had previously closed at $175.70.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSM. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 17th. Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $158.44 and its 200-day simple moving average is $136.39. The company has a market capitalization of $946.47 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, equities 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 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. This represents a $1.95 annualized dividend and a yield of 1.07%. This is a positive change 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 dividend payout ratio (DPR) is 36.95%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TSM. Van ECK Associates Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 53.4% during the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after purchasing an additional 6,060,511 shares in the last quarter. Capital International Investors increased its holdings in Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares in the last quarter. Capital World Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after acquiring an additional 4,240,928 shares during the period. Morgan Stanley raised its position in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after acquiring an additional 2,400,882 shares during the period. Finally, Harding Loevner LP boosted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after acquiring an additional 2,008,043 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.