Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Raises Dividend to $0.39 Per Share

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared a quarterly dividend on Friday, June 11th, Wall Street Journal reports. Shareholders of record on Friday, September 17th will be paid a dividend of 0.3917 per share by the semiconductor company on Thursday, October 14th. This represents a $1.57 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, September 16th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35.

Taiwan Semiconductor Manufacturing has increased its dividend by 49.5% over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 49.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Taiwan Semiconductor Manufacturing to earn $4.85 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 40.8%.

TSM opened at $123.09 on Wednesday. The stock has a market cap of $638.35 billion, a PE ratio of 32.74, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing has a 1 year low of $76.17 and a 1 year high of $142.20. The stock’s 50 day simple moving average is $117.84 and its 200-day simple moving average is $117.54.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $372.15 billion for the quarter, compared to analysts’ expectations of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.66 earnings per share. Equities analysts forecast that Taiwan Semiconductor Manufacturing will post 4.02 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Taiwan Semiconductor Manufacturing stock. Morgan Stanley increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,085,185 shares of the semiconductor company’s stock after acquiring an additional 1,667,339 shares during the quarter. Morgan Stanley owned about 0.27% of Taiwan Semiconductor Manufacturing worth $1,692,478,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock.

A number of analysts have recently issued reports on TSM shares. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Argus initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price target on the stock. Needham & Company LLC initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price target on the stock. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Finally, Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average price target of $127.72.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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Dividend History for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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