Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 2.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report) traded up 2.2% on Friday . The company traded as high as $166.12 and last traded at $165.65. 6,190,385 shares were traded during mid-day trading, a decline of 58% from the average session volume of 14,869,478 shares. The stock had previously closed at $162.07.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSM. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Read Our Latest Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Price Performance

The stock has a market cap of $852.59 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 1.16 and a beta of 1.11. The company has a 50 day simple moving average of $146.00 and a 200-day simple moving average of $127.03. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale increased its stake in shares of Taiwan Semiconductor Manufacturing by 5.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock valued at $182,889,000 after acquiring an additional 69,157 shares during the period. Peninsula Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $236,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Taiwan Semiconductor Manufacturing by 66.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 137,790 shares of the semiconductor company’s stock valued at $18,746,000 after purchasing an additional 54,800 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 40.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 226,913 shares of the semiconductor company’s stock worth $30,872,000 after buying an additional 65,744 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 80.7% in the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after buying an additional 35,404 shares during the period. 16.51% of the stock is currently owned by institutional investors.

About Taiwan Semiconductor Manufacturing

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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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