Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 1.5% - Here's What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price shot up 1.5% during trading on Tuesday . The stock traded as high as $167.56 and last traded at $168.52. 2,650,513 shares traded hands during trading, a decline of 83% from the average session volume of 15,258,939 shares. The stock had previously closed at $166.00.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent research reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 6.7 %

The firm has a market cap of $761.76 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average is $188.04 and its 200 day moving average is $192.25.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. 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. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.87%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in TSM. FMR LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after acquiring an additional 2,572,488 shares during the last quarter. Sanders Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock worth $8,270,379,000 after purchasing an additional 231,310 shares during the period. Capital World Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% during the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock valued at $7,031,632,000 after purchasing an additional 294,316 shares during the last quarter. Capital International Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock valued at $4,391,957,000 after purchasing an additional 1,683,256 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Taiwan Semiconductor Manufacturing by 6.0% during the 4th quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock worth $3,829,757,000 after buying an additional 1,102,166 shares during the period. 16.51% of the stock is currently owned by institutional investors.

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.