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

The shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rose by 0.2% during mid-day trading on Friday. The stock reached a high of $206.61 and was last traded at $201.50. In total, 6,388,595 shares were exchanged during this trading period, which is a significant decline of 59% when compared to the average trading volume of 15,462,472 shares. The stock had closed the previous day at $201.19.

Wall Street Analysts Forecast Growth

Several financial analysts have shared their insights on TSM's shares. TD Cowen noted an increase in their target price for Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and issued a "hold" rating on July 18th. Needham & Company LLC maintained a "buy" rating and set a target price of $210.00 for the shares on October 17th. Barclays upgraded their target from $200.00 to $215.00, along with an "overweight" rating on October 23rd. On the other hand, StockNews.com downgraded their stance from "buy" to "hold" on November 1st. Currently, there are two analysts holding a "hold" rating while four have given the stock a "buy" rating. As per MarketBeat data, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" with a price target average of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company's financial health appears robust with a current ratio of 2.57, a quick ratio of 2.30, and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing has a market capitalization of $1.05 trillion, and its price-to-earnings ratio stands at 32.29 with a price-to-earnings-growth ratio of 0.93. The stock's beta is 1.12, indicating a level of volatility. Its 50-day and 200-day moving averages are $181.89 and $169.35, respectively.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also announced a quarterly dividend, set to be paid on January 9th. Shareholders on record by December 12th will receive a dividend of $0.4871 per share, a slight decrease from the previous dividend of $0.49. This equates to an annualized dividend of $1.95 and a yield of 0.97%. The ex-dividend date is also December 12th, and the firm's current dividend payout ratio is 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Various institutional investors have adjusted their positions in the stock recently. Capital World Investors slightly raised its stake by 1.7% during the first quarter, accumulating a total of 42,061,083 shares worth $5.72 billion. Capital International Investors made a more significant move by increasing its holdings by 40.2%, owning now 19,695,714 shares valued at approximately $2.68 billion. Additionally, Van ECK Associates Corp boosted its shares by 0.7%, acquiring 122,828 more shares in the third quarter, while WCM Investment Management LLC expanded its stake by 14.1%. GQG Partners LLC also increased its position by 25.1%. Collectively, institutional investors control 16.51% of the stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, is a leading manufacturer of integrated circuits and other semiconductor devices. The company operates in regions including Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States, offering a variety of wafer fabrication processes designed for different semiconductor applications.

Taiwan, Semiconductor, Stock, Investment