Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 5.7% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price rose 5.7% on Monday . The company traded as high as $189.13 and last traded at $186.62. Approximately 9,659,023 shares traded hands during trading, a decline of 39% from the average daily volume of 15,846,170 shares. The stock had previously closed at $176.52.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

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 business has a 50-day moving average price of $165.73 and a two-hundred day moving average price of $187.50. The firm has a market capitalization of $968.65 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 1.47%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Accel Wealth Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 49 shares in the last quarter. Elmwood Wealth Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after acquiring an additional 50 shares in the last quarter. WP Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 50 shares in the last quarter. Heritage Wealth Advisors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 50 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 50 shares in the last quarter. 16.51% of the stock is owned by 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.