Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 1.4% Higher After Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report)’s stock price was up 1.4% during mid-day trading on Wednesday after Barclays raised their price target on the stock from $125.00 to $145.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $142.93 and last traded at $142.16. Approximately 4,635,449 shares were traded during trading, a decline of 70% from the average daily volume of 15,399,813 shares. The stock had previously closed at $140.22.

Several other equities research analysts have also issued reports on TSM. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Finally, Needham & Company LLC upped their price objective on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Two 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 $138.25.

Check Out Our Latest Stock Report on Taiwan Semiconductor Manufacturing

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its position in Taiwan Semiconductor Manufacturing by 27.7% in the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after purchasing an additional 7,045,899 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 108,945.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock worth $407,603,000 after buying an additional 5,466,898 shares during the last quarter. Capital World Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 11.4% during the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after buying an additional 4,240,928 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 330.5% in the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock valued at $417,374,000 after acquiring an additional 3,687,249 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after acquiring an additional 3,381,514 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

The company has a market capitalization of $736.26 billion, a P/E ratio of 27.41, a PEG ratio of 1.08 and a beta of 1.15. The company has a 50 day simple moving average of $131.08 and a two-hundred day simple moving average of $108.46. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.24%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.78%.

About Taiwan Semiconductor Manufacturing

(Get Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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