Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report)’s stock price traded up 0.3% during mid-day trading on Friday . The stock traded as high as $196.25 and last traded at $195.24. 3,798,010 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 15,059,506 shares. The stock had previously closed at $194.64.
Analysts Set New Price Targets
TSM has been the topic of several research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.
Check Out Our Latest Stock Analysis on TSM
Taiwan Semiconductor Manufacturing Stock Up 0.8 %
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.12%. This is a boost 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 (DPR) is presently 35.10%.
Institutional Trading of Taiwan Semiconductor Manufacturing
Several hedge funds have recently bought and sold shares of TSM. HF Advisory Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after acquiring an additional 4,907 shares in the last quarter. Impax Asset Management Group plc raised its position in Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after buying an additional 6,664 shares during the last quarter. Advisor Resource Council bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $613,000. Callahan Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 67.1% during the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after acquiring an additional 3,358 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Taiwan Semiconductor Manufacturing by 54.4% in the 3rd quarter. Holocene Advisors LP now owns 647,304 shares of the semiconductor company’s stock worth $112,417,000 after acquiring an additional 228,155 shares in the last quarter. 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.
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