Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 1% - Here's Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was up 1% on Monday . The stock traded as high as $206.25 and last traded at $203.77. Approximately 23,189,167 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 18,992,380 shares. The stock had previously closed at $201.83.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TSM shares. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

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 market cap of $1.04 trillion, a price-to-earnings ratio of 28.40, a PEG ratio of 0.67 and a beta of 1.06. The business has a fifty day moving average price of $205.85 and a 200 day moving average price of $190.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.11%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of TSM. AMF Tjanstepension AB grew its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company's stock valued at $266,300,000 after buying an additional 70,057 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 6.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company's stock valued at $4,004,000 after buying an additional 1,389 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 522.2% in the 3rd quarter. Oakworth Capital Inc. now owns 448 shares of the semiconductor company's stock valued at $78,000 after buying an additional 376 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 44,503 shares of the semiconductor company's stock valued at $7,729,000 after buying an additional 1,773 shares during the last quarter. Finally, Pictet North America Advisors SA grew its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. Pictet North America Advisors SA now owns 223,042 shares of the semiconductor company's stock valued at $38,736,000 after buying an additional 3,105 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

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.