Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares were up 1.7% during trading on Tuesday . The stock traded as high as $132.91 and last traded at $131.99. Approximately 4,194,348 shares traded hands during trading, a decline of 73% from the average daily volume of 15,751,252 shares. The stock had previously closed at $129.75.

Analyst Ratings Changes

Several research firms have recently weighed in on TSM. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research 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 report on Thursday, April 18th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research report on Tuesday, April 2nd. Finally, TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market capitalization of $692.33 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The business has a 50-day moving average of $136.61 and a 200 day moving average of $114.01. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. International Assets Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,740 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 246 shares in the last quarter. AE Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 23.4% during the 3rd quarter. AE Wealth Management LLC now owns 20,149 shares of the semiconductor company's stock worth $1,751,000 after purchasing an additional 3,818 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 5.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,061 shares of the semiconductor company's stock worth $440,000 after buying an additional 242 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 24.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,257 shares of the semiconductor company's stock worth $109,000 after buying an additional 244 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 20.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,195 shares of the semiconductor company's stock worth $278,000 after buying an additional 541 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

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.