Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 2% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares shot up 2% on Wednesday . The company traded as high as $207.67 and last traded at $208.06. 3,810,576 shares traded hands during trading, a decline of 80% from the average session volume of 19,118,908 shares. The stock had previously closed at $204.05.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The stock has a 50 day moving average of $204.28 and a two-hundred day moving average of $187.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market capitalization of $1.07 trillion, a P/E ratio of 29.30, a P/E/G ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the last quarter. Brookstone Capital Management lifted its stake in Taiwan Semiconductor Manufacturing by 1.8% in the 3rd quarter. Brookstone Capital Management now owns 8,694 shares of the semiconductor company’s stock valued at $1,510,000 after purchasing an additional 156 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 8.9% during the third quarter. Daymark Wealth Partners LLC now owns 7,084 shares of the semiconductor company’s stock worth $1,230,000 after purchasing an additional 581 shares during the period. CWM LLC increased its position in Taiwan Semiconductor Manufacturing by 7.6% during the 3rd quarter. CWM LLC now owns 29,651 shares of the semiconductor company’s stock worth $5,149,000 after buying an additional 2,097 shares during the period. Finally, Marcum Wealth LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 24.2% during the third quarter. Marcum Wealth LLC now owns 5,767 shares of the semiconductor company’s stock worth $1,002,000 after purchasing an additional 1,125 shares during the period. 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.