Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 0.5% Following Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price shot up 0.5% during mid-day trading on Wednesday after Barclays raised their price target on the stock from $200.00 to $215.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $200.00 and last traded at $199.49. 4,217,089 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 15,549,495 shares. The stock had previously closed at $198.48.

Several other research firms also recently weighed in on TSM. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently bought and sold shares of TSM. Orrstown Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at $213,000. Autumn Glory Partners LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $573,000. Nisa Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 5.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 100 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 6.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,260 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 73 shares during the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of Taiwan Semiconductor Manufacturing by 103.7% during the third quarter. Concord Wealth Partners now owns 717 shares of the semiconductor company’s stock worth $125,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.5 %

The business’s 50-day moving average price is $177.14 and its two-hundred day moving average price is $165.51. The firm has a market cap of $1.03 trillion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

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.