Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 0.1% on Analyst Upgrade

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price traded up 0.1% during trading on Monday after Barclays raised their price target on the stock from $215.00 to $240.00. Barclays currently has an overweight rating on the stock. Taiwan Semiconductor Manufacturing traded as high as $186.28 and last traded at $186.13. 2,438,629 shares were traded during trading, a decline of 84% from the average session volume of 15,372,727 shares. The stock had previously closed at $186.01.

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TSM. ProShare Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $210,000. Clearbridge Investments LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4,820.0% in the 1st quarter. Clearbridge Investments LLC now owns 483,491 shares of the semiconductor company’s stock valued at $65,779,000 after purchasing an additional 473,664 shares during the last quarter. Lake Street Advisors Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $1,463,000. National Bank of Canada FI lifted its holdings in Taiwan Semiconductor Manufacturing by 24.6% in the first quarter. National Bank of Canada FI now owns 268,180 shares of the semiconductor company’s stock valued at $39,958,000 after buying an additional 52,925 shares during the period. Finally, InterOcean Capital Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. InterOcean Capital Group LLC now owns 19,578 shares of the semiconductor company’s stock worth $2,664,000 after acquiring an additional 169 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $186.28 and a two-hundred day moving average price of $172.79. The stock has a market capitalization of $972.14 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.09%.

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.