Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 3.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shot up 3.7% during mid-day trading on Wednesday . The stock traded as high as $162.65 and last traded at $161.07. 8,933,894 shares changed hands during trading, a decline of 45% from the average session volume of 16,137,148 shares. The stock had previously closed at $155.39.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TSM shares. Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $806.12 billion, a PE ratio of 30.20, a P/E/G ratio of 0.89 and a beta of 1.14. The company’s 50-day moving average is $169.49 and its 200 day moving average is $148.02.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. 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 dividend yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $25,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. First Community Trust NA acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $33,000. Finally, LifeSteps Financial Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth $27,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.