Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Free Report) were down 0% during mid-day trading on Monday . The stock traded as low as $139.81 and last traded at $141.51. Approximately 3,116,051 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 15,398,831 shares. The stock had previously closed at $141.56.
Analyst Upgrades and Downgrades
TSM has been the topic of a number of research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.
View Our Latest Research Report on TSM
Taiwan Semiconductor Manufacturing Trading Up 1.8 %
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.
Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing
Several hedge funds and other institutional investors have recently modified their holdings of TSM. Congress Wealth Management LLC DE lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares during the last quarter. CapWealth Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after buying an additional 21,329 shares during the period. Fisher Asset Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after acquiring an additional 442,289 shares in the last quarter. Verus Capital Partners LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 1,119 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 99.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 2,534 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
About Taiwan Semiconductor Manufacturing
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.
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