Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 1.2% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price shot up 1.2% during trading on Wednesday . The company traded as high as $183.78 and last traded at $182.08. 5,883,433 shares were traded during trading, a decline of 67% from the average session volume of 18,063,633 shares. The stock had previously closed at $180.00.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market capitalization of $951.82 billion, a P/E ratio of 26.01, a P/E/G ratio of 0.66 and a beta of 1.06. 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 stock has a 50 day simple moving average of $203.53 and a two-hundred day simple moving average of $191.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 100 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Taiwan Semiconductor Manufacturing by 8.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 321,794 shares of the semiconductor company’s stock valued at $55,886,000 after buying an additional 25,398 shares during the last quarter. Forum Financial Management LP bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $225,000. Vestor Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $49,000. Finally, Impax Asset Management Group plc boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after acquiring an additional 6,664 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.