Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) declared a monthly dividend on Wednesday, November 9, reports The Wall Street Journal. Investors of record on Friday, March 17 will receive a dividend of 0.3392 per share from the semiconductor company on Thursday, April 13. This represents an annualized dividend of $4.07 and a yield of 6.26%. The ex-dividend date is Thursday, March 16.
Taiwan Semiconductor Manufacturing has a dividend payout ratio of 30.9%, which means its dividend is sufficiently covered by earnings. Stock research analysts expect Taiwan Semiconductor Manufacturing to earn $5.69 per share next year, meaning the company should continue to be able to cover its $1.83 annual dividend. $ with an expected future payout ratio of 32.2%.
Taiwan Semiconductor Manufacturing Price Performance
TSM lost $0.02 in Wednesday’s midday session, hitting $65.00. The company had a trading volume of 15,053,252 shares, compared to an average volume of 12,576,701. The company has a debt ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2, 25. The company has a market capitalization of $337.11 billion, a PE ratio of 11.18, a P/E/G ratio of 0.44 and a beta of 0.95. Taiwan Semiconductor Manufacturing has a 12-month low of $59.43 and a 12-month high of $145.00. The company’s 50-day simple moving average is $70.60 and its 200-day simple moving average is $81.76.
Institutional entries and exits
A number of institutional investors have recently bought and sold shares of TSM. Zions Bancorporation NA increased its stake in Taiwan Semiconductor Manufacturing by 29.2% in the first quarter. Zions Bancorporation NA now owns 597 shares of the semiconductor company valued at $62,000 after purchasing an additional 135 shares during the period. Bellevue Group AG increased its stake in Taiwan Semiconductor Manufacturing by 78.9% in the first quarter. Bellevue Group AG now owns 619 shares of the semiconductor company valued at $65,000 after purchasing an additional 273 shares during the period. First Western Trust Bank acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter, valued at approximately $215,000. Client 1ST Advisory Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter, valued at approximately $231,000. Finally, Merit Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 17.3% in the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company valued at $245,000 after buying 346 additional shares last quarter. Institutional investors and hedge funds hold 16.86% of the company’s shares.
Analysts set new price targets
Several equity research analysts weighed in on the stock. Goldman Sachs Group cut shares of Taiwan Semiconductor Manufacturing from a “buy conviction” rating to a “buy” rating in a Thursday, October 13 research report. Susquehanna lowered its price target on Taiwan Semiconductor Manufacturing shares from $90.00 to $88.00 and set a “neutral” rating for the company in a Thursday, July 14 research report. Susquehanna Bancshares lowered its price target on Taiwan Semiconductor Manufacturing shares from $90.00 to $88.00 and set a “neutral” rating for the company in a Thursday, July 14 research report. TheStreet upgraded shares of Taiwan Semiconductor Manufacturing from a “b-” rating to a “c+” rating in a research report on Friday, November 4. Finally, StockNews.com took over coverage of Taiwan Semiconductor Manufacturing stocks in a Wednesday, October 12 research report. They set a “buy” rating for the company. Three equity research analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $116.57.
Taiwan Semiconductor Manufacturing Company Profile
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Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio-frequency, and embedded memory semiconductors.
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