Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 0.8% on Analyst Upgrade

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) rose 0.8% during mid-day trading on Tuesday after Barclays raised their price target on the stock from $215.00 to $240.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $190.00 and last traded at $189.02. Approximately 2,447,006 shares were traded during trading, a decline of 84% from the average daily volume of 15,351,876 shares. The stock had previously closed at $187.48.

Other analysts have also issued research reports about the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Needham & Company LLC reissued a "buy" rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.00.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of TSM. ProShare Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $210,000. Clearbridge Investments LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4,820.0% in the first quarter. Clearbridge Investments LLC now owns 483,491 shares of the semiconductor company's stock valued at $65,779,000 after purchasing an additional 473,664 shares during the period. Lake Street Advisors Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $1,463,000. National Bank of Canada FI increased its holdings in Taiwan Semiconductor Manufacturing by 24.6% during the 1st quarter. National Bank of Canada FI now owns 268,180 shares of the semiconductor company's stock worth $39,958,000 after purchasing an additional 52,925 shares during the period. Finally, InterOcean Capital Group LLC raised its position in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. InterOcean Capital Group LLC now owns 19,578 shares of the semiconductor company's stock valued at $2,664,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a fifty day simple moving average of $186.82 and a two-hundred day simple moving average of $173.13. The firm has a market capitalization of $983.97 billion, a PE ratio of 30.40, a PEG ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping 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 company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed 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 an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.16%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 31.57%.

Taiwan Semiconductor Manufacturing Company Profile

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.