Taiwan Semiconductor Manufacturing Company Ltd. to Issue Quarterly Dividend of $1.09 (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Thursday, December 10th will be paid a dividend of 1.0854 per share by the semiconductor company on Thursday, January 7th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th.

Taiwan Semiconductor Manufacturing has raised its dividend payment by an average of 0.1%annually over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Taiwan Semiconductor Manufacturing to earn $20.87 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 16.8%.

Taiwan Semiconductor Manufacturing Trading Up 2.0%

Shares of TSM stock traded up $8.49 on Wednesday, reaching $430.55. 3,621,410 shares of the company’s stock were exchanged, compared to its average volume of 13,953,268. Taiwan Semiconductor Manufacturing has a 52 week low of $223.70 and a 52 week high of $479.00. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.23 trillion, a PE ratio of 31.06, a P/E/G ratio of 0.96 and a beta of 1.38. The company’s fifty day simple moving average is $426.20 and its 200 day simple moving average is $388.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The company had revenue of $39.89 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.37% and a net margin of 50.31%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing will post 16.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSM. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a research note on Thursday, July 16th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $524.25.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.