Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.1%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price rose 1.1% during trading on Friday . The stock traded as high as $138.74 and last traded at $138.15. Approximately 3,893,240 shares were traded during trading, a decline of 75% from the average daily volume of 15,736,145 shares. The stock had previously closed at $136.58.

Analyst Ratings Changes

A number of brokerages recently commented on TSM. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.2 %

The stock has a 50-day simple moving average of $136.83 and a two-hundred day simple moving average of $114.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The firm has a market cap of $717.07 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in TSM. YHB Investment Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 5.8% in the first quarter. YHB Investment Advisors Inc. now owns 32,449 shares of the semiconductor company’s stock worth $4,415,000 after purchasing an additional 1,780 shares during the last quarter. Sage Rhino Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 6.9% in the first quarter. Sage Rhino Capital LLC now owns 3,928 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 252 shares during the period. Mitchell & Pahl Private Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.1% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 8,010 shares of the semiconductor company’s stock valued at $1,090,000 after purchasing an additional 317 shares during the period. Legacy Bridge LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $1,498,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $1,698,000. Institutional investors own 16.51% of the company’s stock.

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.