Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Increases Dividend to $0.55 Per Share

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared a quarterly dividend on Tuesday, November 12th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.5484 per share by the semiconductor company on Thursday, April 10th. This represents a $2.19 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, March 18th. This is a 12.6% increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49.

Taiwan Semiconductor Manufacturing has raised its dividend by an average of 19.2% annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 25.2% 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 $2.74 annual dividend with an expected future payout ratio of 24.8%.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

NYSE TSM opened at $174.16 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $903.29 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a 50 day moving average price of $199.22 and a 200 day moving average price of $191.86. Taiwan Semiconductor Manufacturing has a 52 week low of $125.78 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Institutional Trading of Taiwan Semiconductor Manufacturing

A hedge fund recently raised its stake in Taiwan Semiconductor Manufacturing stock. Brighton Jones LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,930 shares of the semiconductor company’s stock after purchasing an additional 1,892 shares during the period. Brighton Jones LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,159,000 at the end of the most recent quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Company Profile

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.