Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares rose 1.7% during trading on Wednesday . The stock traded as high as $157.23 and last traded at $156.33. Approximately 5,226,846 shares traded hands during trading, a decline of 65% from the average daily volume of 14,883,844 shares. The stock had previously closed at $153.67.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market capitalization of $810.32 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. The business has a 50-day moving average of $140.95 and a 200 day moving average of $121.65. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during 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, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed 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 is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing's payout ratio is currently 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $27,000. North Star Investment Management Corp. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 181 shares in the last quarter. Tsfg LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $33,000. Finally, Cherry Tree Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $33,000. 16.51% of the stock is 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.