Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 0.1% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares were up 0.1% on Tuesday . The stock traded as high as $206.26 and last traded at $201.66. Approximately 4,576,224 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 14,188,593 shares. The stock had previously closed at $201.36.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSM. 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. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market capitalization of $1.12 trillion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The business has a fifty day moving average of $197.53 and a 200-day moving average of $183.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend 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%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently added to or reduced their stakes in the company. WealthPLAN Partners LLC bought a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at about $250,000. Axxcess Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 55.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock valued at $1,940,000 after purchasing an additional 3,991 shares in the last quarter. Wealth Alliance grew its stake in shares of Taiwan Semiconductor Manufacturing by 31.6% in the 2nd quarter. Wealth Alliance now owns 16,976 shares of the semiconductor company’s stock worth $2,951,000 after purchasing an additional 4,080 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd raised its holdings in shares of Taiwan Semiconductor Manufacturing by 318.6% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 120,768 shares of the semiconductor company’s stock worth $20,991,000 after purchasing an additional 91,918 shares in the last quarter. Finally, Lingotto Investment Management LLP lifted its stake in Taiwan Semiconductor Manufacturing by 37.0% during the second quarter. Lingotto Investment Management LLP now owns 185,000 shares of the semiconductor company’s stock valued at $32,155,000 after purchasing an additional 50,000 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

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.