Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 3.6% – Here’s Why

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were up 3.6% during mid-day trading on Thursday . The company traded as high as $201.75 and last traded at $200.18. Approximately 6,203,245 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 15,464,379 shares. The stock had previously closed at $193.22.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 4.2 %

The stock has a market cap of $1.04 trillion, a P/E ratio of 32.08, a PEG ratio of 0.93 and a beta of 1.12. The firm’s fifty day moving average price is $181.89 and its two-hundred day moving average price is $169.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors 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 0.97%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently bought and sold shares of the stock. Defender Capital LLC. grew its position in Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 56 shares during the last quarter. Seed Wealth Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares during the period. Heron Bay Capital Management raised its position in Taiwan Semiconductor Manufacturing by 1.0% in the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock worth $992,000 after purchasing an additional 59 shares during the period. Finally, Archer Investment Corp lifted its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

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.