Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares rose 1.7% during trading on Tuesday . The company traded as high as $132.91 and last traded at $131.99. Approximately 4,194,348 shares were traded during trading, a decline of 73% from the average daily volume of 15,751,252 shares. The stock had previously closed at $129.75.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research analyst reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The stock has a market capitalization of $693.37 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The firm has a 50-day moving average price of $136.49 and a 200 day moving average price of $113.70.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently modified their holdings of the company. Congress Wealth Management LLC DE lifted its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after buying an additional 671 shares during the period. CapWealth Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after purchasing an additional 21,329 shares during the period. LGT Capital Partners LTD. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.4% in the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock valued at $13,874,000 after purchasing an additional 11,427 shares during the period. Finally, Verus Capital Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 1,119 shares during the period. 16.51% of the stock is currently owned by institutional investors.

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 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.