Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 2.3% – Here’s What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 2.3% during trading on Friday . The company traded as high as $206.90 and last traded at $206.24. 3,581,308 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 7,033,531 shares. The stock had previously closed at $201.58.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market cap of $1.08 trillion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock’s 50 day simple moving average is $195.25 and its two-hundred day simple moving average is $182.01.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently bought and sold shares of TSM. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Fairscale Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Finally, Archer Investment Corp grew its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds 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.