Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading 0.1% Higher - Here's Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price traded up 0.1% during trading on Monday . The company traded as high as $205.50 and last traded at $201.11. 5,892,132 shares were traded during trading, a decline of 61% from the average session volume of 15,103,258 shares. The stock had previously closed at $200.99.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TSM shares. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company's 50-day moving average price is $193.39 and its two-hundred day moving average price is $178.63. The stock has a market cap of $1.05 trillion, a PE ratio of 32.41, a PEG ratio of 0.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's payout ratio is 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $29,000. Finally, Fairscale Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $32,000. 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.