Trading in Taiwan Semiconductor Manufacturing (NYSE:TSM) rose 0.9%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report ) stock price rose 0.9% during trading on Wednesday. The company traded as high as $174.56 and last traded at $173.64. About 3,517,869 shares changed hands during mid-day trading, down 77% from the average daily volume of 15,463,580 shares. Shares previously closed at $172.07.

Analyst upgrades and downgrades

A number of analysts recently weighed in on TSM shares. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $200.00, according to MarketBeat.

Check out our latest report on semiconductor manufacturing in Taiwan

Taiwan’s Semiconductor Manufacturing Stock Rises 2.1%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21, and a current ratio of 2.47. The company has a market cap of $911.36 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. The company’s fifty day moving average is $167.63 and its two hundred day moving average is $159.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Your Free Report ) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. In the same quarter last year, the company earned $1.14 per share. equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Raises Dividends

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents an annualized dividend of $1.95 and a yield of 1.11%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

Institutional investors are weighing in on Taiwan’s semiconductor manufacturing

Hedge funds have recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $32,000. 16.51% of the shares are currently held by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

(Get a free report)

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 offers a wide range of wafer fabrication processes, including complementary metal-oxide-semiconductor (CMOS), mixed-signal, radio-frequency, embedded memory, bipolar CMOS mixed-signal, and others.

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