Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Get Free Report) declared a quarterly dividend on Wednesday, November 12th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.9678 per share by the semiconductor company on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, March 17th. This is a 15.9% increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83.
Taiwan Semiconductor Manufacturing has increased its dividend by an average of 0.0%annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Taiwan Semiconductor Manufacturing to earn $11.03 per share next year, which means the company should continue to be able to cover its $2.63 annual dividend with an expected future payout ratio of 23.8%.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM traded down $7.27 during trading hours on Thursday, hitting $283.35. The stock had a trading volume of 6,103,002 shares, compared to its average volume of 14,418,346. The firm has a 50-day moving average price of $283.67 and a 200 day moving average price of $240.40. Taiwan Semiconductor Manufacturing has a fifty-two week low of $134.25 and a fifty-two week high of $311.37. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.02 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37.
Wall Street Analyst Weigh In
A number of brokerages have commented on TSM. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Weiss Ratings lowered Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $371.67.
View Our Latest Stock Report on TSM
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.
Recommended Stories
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- Best Stocks Under $10.00
- AMD to $300 Looks Easy—Here’s Why $500 Could Be Next
- Stock Sentiment Analysis: How it Works
- $5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- 4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.
