Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 2.7% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was up 2.7% during mid-day trading on Tuesday . The company traded as high as $197.60 and last traded at $196.82. Approximately 3,418,222 shares changed hands during trading, a decline of 78% from the average daily volume of 15,453,376 shares. The stock had previously closed at $191.56.

Analyst Ratings Changes

Several analysts recently issued reports on TSM shares. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a fifty day moving average price of $181.89 and a 200 day moving average price of $169.35. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.01%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $244,000. Chevy Chase Trust Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 108.3% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock worth $727,000 after acquiring an additional 2,778 shares during the last quarter. Csenge Advisory Group increased its position in Taiwan Semiconductor Manufacturing by 18.3% during the first quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock worth $597,000 after acquiring an additional 680 shares during the period. ORG Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 180,150.0% during the 1st quarter. ORG Partners LLC now owns 3,605 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 3,603 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 10.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 68,728 shares of the semiconductor company’s stock valued at $9,350,000 after purchasing an additional 6,683 shares during the period. 16.51% of the stock is currently 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.