Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Up 1.1%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares shot up 1.1% during mid-day trading on Friday . The stock traded as high as $138.74 and last traded at $138.15. 3,893,240 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 15,736,145 shares. The stock had previously closed at $136.58.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSM. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. One equities research analyst has 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 stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.2 %

The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $717.07 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. The business has a 50 day moving average of $136.83 and a 200 day moving average of $114.30.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently modified their holdings of the stock. Tsfg LLC increased its holdings in Taiwan Semiconductor Manufacturing by 470.7% during the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Finally, First Financial Corp IN bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $40,000. 16.51% of the stock is currently owned by hedge funds and other 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.