Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 2.7% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rose 2.7% on Friday . The company traded as high as $186.66 and last traded at $186.07. Approximately 4,147,648 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 15,245,352 shares. The stock had previously closed at $181.19.

Analysts Set New Price Targets

TSM has been the subject of several research analyst reports. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

The business’s fifty day moving average price is $188.95 and its 200-day moving average price is $174.75. The stock has a market capitalization of $960.63 billion, a PE ratio of 29.82, a P/E/G ratio of 0.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $25,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $29,000. 16.51% of the stock is owned by hedge funds and other 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.