Taiwan Semiconductor Manufacturing (NYSE:TSM) Reaches New 52-Week High – Here’s What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $223.36 and last traded at $223.60, with a volume of 3921608 shares. The stock had previously closed at $218.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $198.90 and a 200 day simple moving average of $184.97. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 31.97, a P/E/G ratio of 0.70 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TSM. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Taiwan Semiconductor Manufacturing by 23,886.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 13,912 shares of the semiconductor company’s stock worth $2,420,000 after buying an additional 13,854 shares in the last quarter. Summit Trail Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 24.2% during the second quarter. Summit Trail Advisors LLC now owns 2,528 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 493 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 25.2% during the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 390 shares during the last quarter. Certified Advisory Corp bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $256,000. Finally, Xponance Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 12.3% during the second quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.