Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 2.3% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares rose 2.3% during trading on Thursday . The company traded as high as $177.07 and last traded at $177.73. Approximately 3,483,068 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 15,035,666 shares. The stock had previously closed at $173.76.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The firm’s 50 day simple moving average is $195.68 and its 200-day simple moving average is $191.89. The company has a market capitalization of $915.81 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. 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 results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 8,181 shares of the semiconductor company’s stock valued at $1,421,000 after buying an additional 247 shares in the last quarter. King Luther Capital Management Corp grew its position in Taiwan Semiconductor Manufacturing by 1.5% in the third quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock worth $1,201,000 after acquiring an additional 101 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 17.7% in the 3rd quarter. LPL Financial LLC now owns 1,149,145 shares of the semiconductor company’s stock valued at $199,572,000 after purchasing an additional 172,918 shares during the last quarter. Smithfield Trust Co boosted its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Smithfield Trust Co now owns 5,738 shares of the semiconductor company’s stock worth $997,000 after purchasing an additional 203 shares in the last quarter. Finally, 49 Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $513,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.