Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.1%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded down 0.1% during trading on Tuesday . The company traded as low as $167.97 and last traded at $169.20. 3,523,918 shares changed hands during trading, a decline of 78% from the average session volume of 15,705,703 shares. The stock had previously closed at $169.35.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock’s 50-day moving average is $169.30 and its 200-day moving average is $144.38. The stock has a market cap of $831.28 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 1.01 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The company’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the stock. Seed Wealth Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after buying an additional 57 shares during the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 59 shares during the last quarter. Cadence Bank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock valued at $2,041,000 after buying an additional 69 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 2nd quarter. ZRC Wealth Management LLC now owns 405 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 70 shares during the last quarter. Finally, Old Port Advisors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% during the 2nd quarter. Old Port Advisors now owns 2,546 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

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.