Taiwan Semiconductor Manufacturing (NYSE:TSM) Reaches New 52-Week High – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $221.84 and last traded at $217.10, with a volume of 6047546 shares traded. The stock had previously closed at $208.61.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, 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 report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 3.8 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 0.93 and a beta of 1.07. The business’s 50-day simple moving average is $196.05 and its 200-day simple moving average is $182.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.10%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds have recently modified their holdings of the company. Birch Capital Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Birch Capital Management LLC now owns 19,345 shares of the semiconductor company’s stock valued at $3,820,000 after acquiring an additional 85 shares during the period. Fortem Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.8% during the 4th quarter. Fortem Financial Group LLC now owns 8,985 shares of the semiconductor company’s stock worth $1,774,000 after purchasing an additional 409 shares in the last quarter. Capital Market Strategies LLC increased its stake in Taiwan Semiconductor Manufacturing by 8.2% during the 4th quarter. Capital Market Strategies LLC now owns 12,311 shares of the semiconductor company’s stock worth $2,431,000 after purchasing an additional 935 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $893,000. Finally, Modus Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.2% during the 4th quarter. Modus Advisors LLC now owns 3,534 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 144 shares in 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.