Taiwan Semiconductor Manufacturing Company Limited (TSM) To Go Ex-Dividend on March 18th

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced a quarterly dividend on Tuesday, November 12th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.5484 per share by the semiconductor company on Thursday, April 10th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a 12.6% increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49.

Taiwan Semiconductor Manufacturing has raised its dividend payment by an average of 19.2% annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Taiwan Semiconductor Manufacturing to earn $11.03 per share next year, which means the company should continue to be able to cover its $2.74 annual dividend with an expected future payout ratio of 24.8%.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $174.16 on Friday. The company’s 50-day moving average price is $199.22 and its 200-day moving average price is $191.86. Taiwan Semiconductor Manufacturing has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $903.29 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

An institutional investor recently raised its position in Taiwan Semiconductor Manufacturing stock. Brighton Jones LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,930 shares of the semiconductor company’s stock after purchasing an additional 1,892 shares during the period. Brighton Jones LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,159,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.