Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 4% - What's Next?

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) shot up 4% during mid-day trading on Tuesday . The company traded as high as $218.80 and last traded at $218.78. 4,971,950 shares were traded during trading, a decline of 68% from the average session volume of 15,475,510 shares. The stock had previously closed at $210.32.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market capitalization of $1.14 trillion, a P/E ratio of 28.28, a PEG ratio of 1.09 and a beta of 1.27. The company has a fifty day moving average of $187.34 and a 200 day moving average of $189.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.59%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. City Holding Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares during the last quarter. 1248 Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $28,000. Finally, Accredited Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $31,000. 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.