Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 2.4%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shot up 2.4% during mid-day trading on Friday . The company traded as high as $176.82 and last traded at $175.68. 4,196,303 shares changed hands during trading, a decline of 72% from the average session volume of 15,055,048 shares. The stock had previously closed at $171.63.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 17th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

The firm’s 50 day moving average is $154.04 and its two-hundred day moving average is $133.84. The stock has a market capitalization of $904.41 billion, a PE ratio of 33.46, a P/E/G ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. grew its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares in the last quarter. Finally, Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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.