Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 2.1% - What's Next?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) were up 2.1% during mid-day trading on Wednesday . The stock traded as high as $205.24 and last traded at $204.89. Approximately 4,309,026 shares changed hands during trading, a decline of 71% from the average daily volume of 15,081,500 shares. The stock had previously closed at $200.66.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSM. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 0.93 and a beta of 1.09. The stock's fifty day moving average is $193.68 and its two-hundred day moving average is $178.98. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analysts' expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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 is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the business. HF Advisory Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 55.5% during the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company's stock valued at $2,389,000 after acquiring an additional 4,907 shares during the period. Impax Asset Management Group plc grew its stake in Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company's stock worth $4,588,000 after buying an additional 6,664 shares in the last quarter. Advisor Resource Council bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $613,000. Callahan Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 67.1% in the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company's stock valued at $1,452,000 after buying an additional 3,358 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 54.4% during the 3rd quarter. Holocene Advisors LP now owns 647,304 shares of the semiconductor company's stock worth $112,417,000 after acquiring an additional 228,155 shares during the period. 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.