Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 0.5%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares were up 0.5% on Tuesday . The stock traded as high as $139.70 and last traded at $139.25. Approximately 3,112,866 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 15,585,484 shares. The stock had previously closed at $138.50.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSM shares. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, April 18th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Tuesday, April 2nd. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Needham & Company LLC restated a "buy" rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $137.54 and a two-hundred day moving average of $115.63. The company has a market capitalization of $712.82 billion, a PE ratio of 26.18, a PEG ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 32.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its holdings in Taiwan Semiconductor Manufacturing by 1.8% in the third quarter. Asset Management One Co. Ltd. now owns 145,191 shares of the semiconductor company's stock valued at $12,617,000 after acquiring an additional 2,541 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Taiwan Semiconductor Manufacturing by 7.4% in the third quarter. Commonwealth Equity Services LLC now owns 252,370 shares of the semiconductor company's stock worth $21,931,000 after buying an additional 17,315 shares in the last quarter. RMR Wealth Builders lifted its holdings in Taiwan Semiconductor Manufacturing by 20.8% in the third quarter. RMR Wealth Builders now owns 5,806 shares of the semiconductor company's stock worth $505,000 after buying an additional 999 shares during the period. Deltec Asset Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 2.9% during the 3rd quarter. Deltec Asset Management LLC now owns 69,817 shares of the semiconductor company's stock valued at $6,067,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Foresight Global Investors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 27.1% in the 3rd quarter. Foresight Global Investors Inc. now owns 15,000 shares of the semiconductor company's stock worth $1,304,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors 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.