Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) declared a quarterly dividend on Thursday, May 15th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.6499 per share by the semiconductor company on Thursday, October 9th. This represents a $2.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Tuesday, September 16th.
Taiwan Semiconductor Manufacturing has increased its dividend payment by an average of 19.2% per year over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Taiwan Semiconductor Manufacturing to earn $11.03 per share next year, which means the company should continue to be able to cover its $2.74 annual dividend with an expected future payout ratio of 24.8%.
Taiwan Semiconductor Manufacturing Stock Down 0.3%
Taiwan Semiconductor Manufacturing stock traded down $0.60 during trading on Thursday, reaching $194.16. 9,807,167 shares of the company's stock were exchanged, compared to its average volume of 15,916,399. Taiwan Semiconductor Manufacturing has a 52-week low of $133.57 and a 52-week high of $226.40. The firm has a market cap of $1.01 trillion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company's 50-day moving average is $166.49 and its two-hundred day moving average is $187.47.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, analysts predict that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TSM. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.
Check Out Our Latest Research Report on TSM
Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing
A hedge fund recently raised its stake in Taiwan Semiconductor Manufacturing stock. Brighton Jones LLC grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,930 shares of the semiconductor company's stock after purchasing an additional 1,892 shares during the period. Brighton Jones LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,159,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.51% of the company's stock.
About Taiwan Semiconductor Manufacturing
(
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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.
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