Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 3.7% - Here's Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price was up 3.7% on Friday . The stock traded as high as $180.58 and last traded at $179.12. Approximately 7,998,083 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 18,057,736 shares. The stock had previously closed at $172.72.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSM. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company's fifty day moving average price is $166.42 and its two-hundred day moving average price is $188.48. The company has a market cap of $929.46 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during 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, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.53%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is 27.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently made changes to their positions in the business. Independent Wealth Network Inc. grew its position in Taiwan Semiconductor Manufacturing by 39.3% in the first quarter. Independent Wealth Network Inc. now owns 1,478 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 417 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $237,000. Hardy Reed LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 2.7% in the first quarter. Hardy Reed LLC now owns 4,854 shares of the semiconductor company's stock valued at $806,000 after acquiring an additional 129 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $1,294,000. Finally, Easterly Investment Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 3.1% during the first quarter. Easterly Investment Partners LLC now owns 46,103 shares of the semiconductor company's stock valued at $7,653,000 after purchasing an additional 1,371 shares during the last quarter. 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.