Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 0.3%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were up 0.3% during mid-day trading on Monday . The company traded as high as $145.48 and last traded at $142.91. Approximately 4,645,022 shares were traded during trading, a decline of 70% from the average daily volume of 15,231,622 shares. The stock had previously closed at $142.52.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TSM shares. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The stock has a market cap of $725.06 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.07 and a beta of 1.15. The company’s 50 day simple moving average is $136.36 and its 200 day simple moving average is $112.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.20%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 74 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,778 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 86 shares during the last quarter. Avestar Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 95 shares during the last quarter. Mather Group LLC. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.