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

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shot 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 traded 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.

TSM has been the topic of several other research reports. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $167.00.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently bought and sold shares of TSM. Kestra Advisory Services LLC raised its stake in Taiwan Semiconductor Manufacturing by 9.5% in the third quarter. Kestra Advisory Services LLC now owns 68,996 shares of the semiconductor company’s stock valued at $5,996,000 after buying an additional 5,968 shares during the period. Prudential PLC grew its position in shares of Taiwan Semiconductor Manufacturing by 19.4% in the third quarter. Prudential PLC now owns 2,925 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 476 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $4,773,000. Clearstead Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 97.1% in the third quarter. Clearstead Advisors LLC now owns 2,405 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Glenview Trust co grew its position in shares of Taiwan Semiconductor Manufacturing by 5.5% in the third quarter. Glenview Trust co now owns 4,010 shares of the semiconductor company’s stock valued at $348,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 4.1 %

The firm has a 50-day moving average price of $149.65 and a 200 day moving average price of $130.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The company has a market cap of $956.58 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.18 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current 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 given a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.06%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.