Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 0%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) rose 0% during mid-day trading on Thursday . The company traded as high as $160.04 and last traded at $156.22. Approximately 7,700,577 shares traded hands during trading, a decline of 48% from the average daily volume of 14,891,919 shares. The stock had previously closed at $156.15.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Performance

The firm has a market cap of $814.68 billion, a P/E ratio of 29.92, a PEG ratio of 1.10 and a beta of 1.13. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The company's 50-day moving average is $141.58 and its two-hundred day moving average is $122.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS 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 24.75%. The firm had revenue of $18.87 billion for the quarter, compared to analysts' expectations of $18.38 billion. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.24%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 33.52%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently modified their holdings of TSM. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. increased its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 181 shares during the last quarter. Tsfg LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 470.7% during the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $33,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $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.