Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 0.1% Following Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares rose 0.1% during trading on Monday after Barclays raised their price target on the stock from $215.00 to $240.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $186.28 and last traded at $186.13. Approximately 2,438,629 shares changed hands during trading, a decline of 84% from the average daily volume of 15,372,727 shares. The stock had previously closed at $186.01.

Several other analysts have also recently commented on the company. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $210,000. Acadian Asset Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 8.3% during the 1st quarter. Acadian Asset Management LLC now owns 91,405 shares of the semiconductor company’s stock worth $12,431,000 after acquiring an additional 6,991 shares during the period. Lcnb Corp acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $202,000. Clearbridge Investments LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4,820.0% in the 1st quarter. Clearbridge Investments LLC now owns 483,491 shares of the semiconductor company’s stock valued at $65,779,000 after buying an additional 473,664 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 4,797.1% in the 1st quarter. Financial Gravity Asset Management Inc. now owns 15,279 shares of the semiconductor company’s stock valued at $2,079,000 after purchasing an additional 14,967 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.3 %

The stock has a market capitalization of $967.63 billion, a PE ratio of 29.92, a P/E/G ratio of 0.89 and a beta of 1.12. The firm has a 50 day moving average of $185.79 and a two-hundred day moving average of $172.43. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.09%.

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.