Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 2.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price was up 2.2% during trading on Tuesday . The company traded as high as $150.39 and last traded at $149.67. Approximately 4,253,897 shares traded hands during trading, a decline of 72% from the average daily volume of 15,135,937 shares. The stock had previously closed at $146.41.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Up 3.8 %

The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $139.69 and a two-hundred day moving average price of $118.90. The company has a market cap of $787.97 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.06 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.25%. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS 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. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 33.52%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 23.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company's stock worth $1,200,000 after acquiring an additional 2,663 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Taiwan Semiconductor Manufacturing by 51.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 581,912 shares of the semiconductor company's stock valued at $50,568,000 after purchasing an additional 198,173 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $333,000. Congress Wealth Management LLC DE lifted its position in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company's stock valued at $2,686,000 after acquiring an additional 671 shares during the period. Finally, Bogart Wealth LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 91.0% in the 3rd quarter. Bogart Wealth LLC now owns 697 shares of the semiconductor company's stock worth $61,000 after buying an additional 332 shares during the last quarter. 16.51% of the stock is currently owned by 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.