Taiwan Semiconductor Manufacturing (NYSE:TSM) Sets New 1-Year High at $119.39

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $119.39 and last traded at $118.50, with a volume of 3567554 shares changing hands. The stock had previously closed at $115.75.

Analysts Set New Price Targets

Several research analysts have commented on TSM shares. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. Susquehanna lowered their target price on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research note on Monday, October 9th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.75.

Read Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.15 and a quick ratio of 1.88. The business has a 50 day moving average price of $104.46 and a two-hundred day moving average price of $96.68. The stock has a market cap of $608.52 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.62 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 19th will be paid a $0.5415 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.17 dividend on an annualized basis and a yield of 1.85%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 29.54%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several large investors have recently bought and sold shares of TSM. Unique Wealth Strategies LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,443,000. Bank OZK raised its stake in Taiwan Semiconductor Manufacturing by 3.9% during the fourth quarter. Bank OZK now owns 14,924 shares of the semiconductor company’s stock valued at $1,552,000 after buying an additional 557 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $204,000. Russell Investments Group Ltd. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 5,892,742 shares of the semiconductor company’s stock valued at $612,988,000 after acquiring an additional 96,661 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 188,833 shares of the semiconductor company’s stock worth $19,639,000 after purchasing an additional 2,136 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

(Get Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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