Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 0.3% – Here’s What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price shot up 0.3% during trading on Friday . The company traded as high as $202.69 and last traded at $200.62. 3,515,208 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 16,881,318 shares. The stock had previously closed at $200.10.

Analysts Set New Price Targets

A number of brokerages recently commented on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.02 trillion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The stock has a 50 day simple moving average of $205.85 and a 200-day simple moving average of $190.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.39%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares in the last quarter. McHugh Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $605,000. OLD National Bancorp IN grew its position in Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Private Client Services LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $201,000. Finally, YHB Investment Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 6.9% in the fourth quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock worth $7,954,000 after acquiring an additional 2,604 shares in the last quarter. Hedge funds and other institutional investors 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.