Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.5% - What's Next?

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) was up 1.5% during trading on Friday . The stock traded as high as $227.83 and last traded at $227.44. Approximately 3,353,793 shares traded hands during trading, a decline of 78% from the average daily volume of 15,414,845 shares. The stock had previously closed at $224.01.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent research reports. Barclays reissued an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus target price of $222.50.

Taiwan Semiconductor Manufacturing Stock Up 1.7%

The business has a 50-day moving average of $191.46 and a 200-day moving average of $190.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.15 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.14%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LaFleur & Godfrey LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $221,000. Brighton Jones LLC increased its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Simmons Bank raised its position in Taiwan Semiconductor Manufacturing by 8.5% in the 4th quarter. Simmons Bank now owns 1,705 shares of the semiconductor company's stock valued at $337,000 after purchasing an additional 134 shares in the last quarter. NewEdge Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. NewEdge Wealth LLC now owns 54,959 shares of the semiconductor company's stock valued at $10,854,000 after buying an additional 951 shares during the period. Finally, SRN Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 9.0% in the 4th quarter. SRN Advisors LLC now owns 6,067 shares of the semiconductor company's stock valued at $1,198,000 after buying an additional 500 shares during the period. Hedge funds and other 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.

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