Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.8% After Dividend Announcement

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) traded up 1.8% during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $155.55 and last traded at $154.62. 5,340,994 shares traded hands during trading, a decline of 65% from the average session volume of 15,121,441 shares. The stock had previously closed at $151.95.

The newly announced dividend which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing's payout ratio is presently 32.76%.

Analyst Ratings Changes

Several research firms have issued reports on TSM. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Needham & Company LLC restated a "buy" rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. TD Cowen upped their target price on shares of 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, Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 2.4 %

The company's 50 day moving average price is $140.03 and its two-hundred day moving average price is $119.37. 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 stock has a market cap of $806.75 billion, a P/E ratio of 29.63, a PEG ratio of 1.04 and a beta of 1.13.

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 for the quarter, topping 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 firm had revenue of $18.87 billion for the quarter, compared to analysts' expectations of $18.38 billion. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $27,000. North Star Investment Management Corp. raised its position in shares of Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock valued at $28,000 after buying an additional 181 shares during the last quarter. Tsfg LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 470.7% during the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock valued at $32,000 after buying an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, Cherry Tree Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. 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.