Taiwan Semiconductor Manufacturing (NYSE:TSM) Sets New 12-Month High at $160.04

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $160.04 and last traded at $157.77, with a volume of 5474695 shares traded. The stock had previously closed at $156.15.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Needham & Company LLC reissued a "buy" rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. TD Cowen lifted their target price 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. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, April 2nd. Finally, Barclays increased their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The firm has a market capitalization of $814.68 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.10 and a beta of 1.13. The stock's 50 day simple moving average is $141.58 and its 200 day simple moving average is $122.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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 1.24%. This is an increase 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 presently 33.52%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently bought and sold shares of the business. CapWealth Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company's stock valued at $12,720,000 after acquiring an additional 21,329 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock valued at $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Taiwan Semiconductor Manufacturing by 99.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company's stock valued at $442,000 after purchasing an additional 2,534 shares during the period. Investment House LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 117.5% during the fourth quarter. Investment House LLC now owns 45,840 shares of the semiconductor company's stock worth $4,767,000 after buying an additional 24,762 shares in the last quarter. Finally, Bison Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $1,178,000. 16.51% of the stock is owned by hedge funds and other 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.