Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price was up 2% during mid-day trading on Friday . The company traded as high as $160.66 and last traded at $160.17. Approximately 4,989,035 shares traded hands during trading, a decline of 67% from the average daily volume of 14,924,280 shares. The stock had previously closed at $157.09.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TSM shares. Needham & Company LLC reiterated a "buy" rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Susquehanna lifted their target price 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. TD Cowen raised 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, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The firm's 50 day simple moving average is $141.58 and its two-hundred day simple moving average is $122.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm has a market capitalization of $829.72 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.12 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted 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. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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. This represents a $1.95 annualized dividend and a yield of 1.22%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the company. LifeSteps Financial Inc. bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth about $27,000. North Star Investment Management Corp. increased its stake 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 purchasing an additional 181 shares in the last quarter. Tsfg LLC increased its stake 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 purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, Cherry Tree Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. 16.51% of the stock is owned by institutional investors.

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.