Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 2.7% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 2.7% on Friday . The stock traded as high as $204.15 and last traded at $203.24. 4,488,391 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 15,528,450 shares. The stock had previously closed at $197.93.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSM shares. TD Cowen boosted their target price 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 reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 3.5 %

The stock’s fifty day simple moving average is $177.61 and its two-hundred day simple moving average is $165.74. The firm has a market cap of $1.06 trillion, a PE ratio of 38.71, a PEG ratio of 0.96 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 0.95%. 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 payout ratio is currently 36.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TSM. Brookstone Capital Management increased its holdings in shares of Taiwan Semiconductor Manufacturing by 12.0% in the 1st quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock worth $1,012,000 after purchasing an additional 798 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 68.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock valued at $618,000 after acquiring an additional 1,842 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 244,760 shares of the semiconductor company’s stock valued at $33,300,000 after acquiring an additional 8,183 shares during the last quarter. Cypress Wealth Services LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $212,000. Finally, Fifth Third Wealth Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 38.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,421 shares of the semiconductor company’s stock valued at $601,000 after purchasing an additional 1,226 shares during the period. Institutional investors 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.