Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 0.1%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) rose 0.1% during trading on Tuesday . The company traded as high as $153.78 and last traded at $153.74. Approximately 2,855,368 shares changed hands during trading, a decline of 81% from the average daily volume of 14,933,168 shares. The stock had previously closed at $153.55.

Analysts Set New Price Targets

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 research report on Thursday, April 11th. Susquehanna increased 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. Needham & Company LLC restated a "buy" rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, April 18th. Finally, 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 0.1 %

The stock has a market cap of $796.89 billion, a P/E ratio of 29.27, a PEG ratio of 1.09 and a beta of 1.13. 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's 50-day moving average is $140.95 and its two-hundred day moving average is $121.65.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing's payout ratio is currently 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSM. Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 53.4% in the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company's stock valued at $2,369,473,000 after buying an additional 6,060,511 shares in the last quarter. Capital International Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company's stock worth $2,679,602,000 after acquiring an additional 5,643,949 shares in the last quarter. Capital World Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company's stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares during the period. Morgan Stanley lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock valued at $2,068,583,000 after purchasing an additional 2,400,882 shares in the last quarter. Finally, Harding Loevner LP grew its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company's stock valued at $1,222,768,000 after purchasing an additional 2,008,043 shares during the period. Institutional investors own 16.51% of the company's stock.

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.