Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.1%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price was down 0.1% during trading on Wednesday . The stock traded as low as $171.92 and last traded at $172.40. Approximately 5,609,591 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 15,127,421 shares. The stock had previously closed at $172.60.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

The stock has a market capitalization of $893.00 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The business’s 50-day moving average price is $153.39 and its 200 day moving average price is $133.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares in the last quarter. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $27,000. North Star Investment Management Corp. raised its position in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares during the period. Finally, Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

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.