Taiwan Semiconductor Manufacturing (NYSE: TSM) Stock Price Up 0.2% - What's Next?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) saw a slight increase of 0.2% in mid-day trading on Friday. The stock peaked at $206.61 before settling at $201.50, with a total of 6,388,595 shares exchanged during the trading session. This volume reflects a significant drop of 59% compared to the stock's average trading volume of 15,462,472 shares. The previous close was at $201.19.

Wall Street Analysts Forecast Growth

Recent commentary from various equities analysts provides a positive outlook for TSM shares. TD Cowen raised its target price for Taiwan Semiconductor from $130.00 to $170.00, maintaining a "hold" rating. Needham & Company reiterated its "buy" rating and set a target price of $210.00 in a research note dated October 17th. Barclays followed suit, increasing its target price from $200.00 to $215.00 while assigning an "overweight" rating on October 23rd. Similarly, Susquehanna reaffirmed a "buy" rating for the company on October 18th. However, StockNews.com downgraded Taiwan Semiconductor from a "buy" to a "hold" rating on November 1st. Presently, two analysts have a "hold" rating, while four have assigned "buy" ratings, leading to a consensus rating of "Moderate Buy" and an average target price of $209.00 according to MarketBeat.

Taiwan Semiconductor Manufacturing Stock Performance

The firm maintains a robust financial profile, featuring a current ratio of 2.57, a quick ratio of 2.30, and a low debt-to-equity ratio of 0.23. Taiwan Semiconductor has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 32.29, and a price-to-earnings-growth ratio of 0.93, alongside a beta of 1.12. Its stock has shown consistency with a 50-day moving average of $181.89 and a 200-day moving average of $169.35.

Taiwan Semiconductor Manufacturing Increases Dividend

Recently, the company announced an increase in its quarterly dividend, which is set to be paid on January 9th. Shareholders who are on record as of December 12th will receive a dividend of $0.4871 per share, which represents a small adjustment from the previous dividend of $0.49. This results in an annualized dividend of $1.95, reflecting a dividend yield of 0.97%. The ex-dividend date is also noted as December 12th. Taiwan Semiconductor's current dividend payout ratio stands at 31.57%.

Institutional Investors Show Interest in Taiwan Semiconductor Manufacturing

Recent transactions by large investors have been noteworthy. Capital World Investors increased its holdings in Taiwan Semiconductor by 1.7% in the first quarter, accumulating 42,061,083 shares worth $5,722,410,000 after adding 704,804 shares during this period. Capital International Investors raised its stake significantly by 40.2%, now holding 19,695,714 shares valued at $2,679,602,000 after acquiring an additional 5,643,949 shares. Van ECK Associates Corporation also updated its position, increasing its stake by 0.7% in the third quarter with 18,289,993 shares valued at $3,176,423,000. Other investors like WCM Investment Management LLC and GQG Partners LLC have also boosted their positions, indicating strong institutional interest. Overall, 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, specializes in the manufacturing, packaging, testing, and selling of integrated circuits and other semiconductor devices across Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The firm offers a variety of wafer fabrication processes, including those required for complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, and embedded memory applications.

TSM, Stocks, Dividends