Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 0.6% Higher – What’s Next?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded up 0.6% on Tuesday . The stock traded as high as $197.29 and last traded at $195.82. 4,742,530 shares traded hands during trading, a decline of 69% from the average session volume of 15,541,691 shares. The stock had previously closed at $194.68.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

The company has a market capitalization of $1.01 trillion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The business has a fifty day moving average price of $179.54 and a 200 day moving average price of $167.35. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of TSM. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $361,000. Miracle Mile Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $227,000. Norden Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $3,901,000. Advisor Resource Council acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $395,000. Finally, Accel Wealth Management acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $257,000. 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.