Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 2.3% - What's Next?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) were up 2.3% during mid-day trading on Tuesday . The company traded as high as $212.83 and last traded at $211.78. Approximately 5,298,543 shares were traded during trading, a decline of 66% from the average daily volume of 15,732,522 shares. The stock had previously closed at $207.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TSM shares. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Barclays reissued an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock's 50 day moving average price is $176.10 and its 200 day moving average price is $188.14. 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 has a market capitalization of $1.11 trillion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $834.10 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.46%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently modified their holdings of the company. Tallon Kerry Patrick acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $228,000. LaFleur & Godfrey LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $221,000. Brighton Jones LLC grew its holdings in Taiwan Semiconductor Manufacturing by 20.9% in the fourth 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. Union Bancaire Privee UBP SA acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $91,830,000. Finally, Empowered Funds LLC grew its holdings in Taiwan Semiconductor Manufacturing by 25.8% in the fourth quarter. Empowered Funds LLC now owns 25,253 shares of the semiconductor company's stock worth $4,987,000 after purchasing an additional 5,180 shares during the period. 16.51% of the stock is owned by institutional investors.

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.