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

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

Analyst Ratings Changes

A number of research firms have weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Barclays increased their price objective 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. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

The firm’s 50-day moving average price is $194.16 and its 200-day moving average price is $179.69. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 8.7% during the 3rd quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock valued at $3,667,000 after purchasing an additional 1,682 shares in the last quarter. Logan Capital Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 20.1% during the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 56 shares during the last quarter. Dantai Capital Ltd boosted its stake in Taiwan Semiconductor Manufacturing by 62.7% during the 3rd quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock valued at $5,748,000 after acquiring an additional 12,755 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $2,449,000. Finally, Garde Capital Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 142.2% during the 3rd quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock valued at $1,085,000 after acquiring an additional 3,667 shares during the last quarter. 16.51% of the stock is 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.