Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 0.3% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 0.3% during trading on Friday . The company traded as high as $196.25 and last traded at $195.24. 3,798,010 shares were traded during trading, a decline of 75% from the average session volume of 15,059,506 shares. The stock had previously closed at $194.64.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market capitalization of $1.02 trillion, a P/E ratio of 31.60, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $194.16 and its two-hundred day moving average is $179.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently made changes to their positions in TSM. Nisa Investment Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 155.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,717 shares of the semiconductor company’s stock worth $299,000 after purchasing an additional 1,046 shares during the last quarter. Independence Bank of Kentucky increased its position in shares of Taiwan Semiconductor Manufacturing by 18.0% in the second quarter. Independence Bank of Kentucky now owns 1,145 shares of the semiconductor company’s stock worth $199,000 after acquiring an additional 175 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Taiwan Semiconductor Manufacturing by 14.3% in the second quarter. Raymond James Trust N.A. now owns 30,125 shares of the semiconductor company’s stock worth $5,236,000 after acquiring an additional 3,768 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.1% in the second quarter. Verdence Capital Advisors LLC now owns 11,507 shares of the semiconductor company’s stock worth $2,000,000 after acquiring an additional 344 shares in the last quarter. Finally, SlateStone Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $1,092,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

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.