Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.1% - What's Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) rose 1.1% on Thursday . The stock traded as high as $194.36 and last traded at $193.82. Approximately 3,214,580 shares were traded during trading, a decline of 81% from the average daily volume of 17,269,223 shares. The stock had previously closed at $191.76.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Trading Up 1.5%

The business has a 50 day simple moving average of $168.54 and a 200-day simple moving average of $187.45. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 27.62, a price-to-earnings-growth 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after acquiring an additional 2,572,488 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% in the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock valued at $8,270,379,000 after purchasing an additional 231,310 shares in the last quarter. Capital World Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock valued at $7,031,632,000 after purchasing an additional 294,316 shares in the last quarter. Capital International Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock valued at $4,391,957,000 after purchasing an additional 1,683,256 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.0% in the 4th quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock valued at $3,829,757,000 after buying an additional 1,102,166 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.

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