Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Announces $0.95 Quarterly Dividend

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.9503 per share by the semiconductor company on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, June 11th.

Taiwan Semiconductor Manufacturing has increased its dividend payment by an average of 0.1%annually over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Taiwan Semiconductor Manufacturing to earn $11.03 per share next year, which means the company should continue to be able to cover its $3.05 annual dividend with an expected future payout ratio of 27.7%.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded up $11.93 during trading on Wednesday, reaching $373.84. The company had a trading volume of 16,356,357 shares, compared to its average volume of 15,203,121. The firm has a market capitalization of $1.94 trillion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. The firm’s 50-day simple moving average is $317.26 and its 200 day simple moving average is $286.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. Taiwan Semiconductor Manufacturing has a 1-year low of $134.25 and a 1-year high of $379.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 36.18%. The business had revenue of $32.50 billion for the quarter. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing will post 9.2 earnings per share for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 26.7% during the 2nd quarter. Jennison Associates LLC now owns 12,046,792 shares of the semiconductor company’s stock valued at $2,728,478,000 after buying an additional 2,537,760 shares during the period. Brown Advisory Inc. increased its stake in Taiwan Semiconductor Manufacturing by 43.2% during the second quarter. Brown Advisory Inc. now owns 6,650,983 shares of the semiconductor company’s stock worth $1,506,389,000 after acquiring an additional 2,006,745 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Taiwan Semiconductor Manufacturing by 109.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,526,160 shares of the semiconductor company’s stock worth $798,640,000 after acquiring an additional 1,842,951 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Taiwan Semiconductor Manufacturing by 268.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,499,677 shares of the semiconductor company’s stock valued at $566,152,000 after purchasing an additional 1,820,852 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $495,163,000. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.