Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 0.6% Higher – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shot up 0.6% on Tuesday . The company traded as high as $197.29 and last traded at $195.82. 4,742,530 shares were traded during trading, a decline of 69% from the average session volume of 15,541,691 shares. The stock had previously closed at $194.68.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSM. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

The firm has a 50-day moving average price of $179.54 and a 200 day moving average price of $167.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 0.98 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 36.95%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently made changes to their positions in the stock. Spinnaker Trust bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $394,000. American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $38,000. Concurrent Investment Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 13.4% in the third quarter. Concurrent Investment Advisors LLC now owns 14,398 shares of the semiconductor company’s stock valued at $2,500,000 after buying an additional 1,703 shares during the period. Maia Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 15.3% in the third quarter. Maia Wealth LLC now owns 19,018 shares of the semiconductor company’s stock valued at $3,303,000 after buying an additional 2,523 shares during the period. Finally, Foster & Motley Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% in the third quarter. Foster & Motley Inc. now owns 1,788 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 107 shares during the period. 16.51% of the stock is currently owned by institutional investors.

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.