Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $112.11, but opened at $115.47. Taiwan Semiconductor Manufacturing shares last traded at $118.35, with a volume of 640,628 shares trading hands. A number of brokerages recently issued reports on TSM. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 17th. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 target price on the stock. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Finally, Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average target price of $127.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65. The firm has a market capitalization of $615.07 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89. The company has a fifty day moving average of $116.79. The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be issued a dividend of $0.4941 per share. The ex-dividend date of this dividend is Thursday, December 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.67%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 41.59%. Several hedge funds have recently bought and sold shares of TSM. Milestone Resources Group Ltd boosted its stake in Taiwan Semiconductor Manufacturing by 54.4% in the 2nd quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 87 shares during the period. AFT Forsyth & Company Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. AFT Forsyth & Company Inc. now owns 2,410 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 90 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its stake in Taiwan Semiconductor Manufacturing by 7.5% in the 2nd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,290 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 90 shares during the period. Winch Advisory Services LLC boosted its stake in Taiwan Semiconductor Manufacturing by 53.6% in the 2nd quarter. Winch Advisory Services LLC now owns 275 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 96 shares during the period. Finally, Cloverfields Capital Group LP boosted its stake in Taiwan Semiconductor Manufacturing by 1.8% in the 1st quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock valued at $637,000 after purchasing an additional 97 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds. About Taiwan Semiconductor Manufacturing ( NYSE:TSM ) Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. Read More: What is an Initial Coin Offering (ICO)? Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing basic/?symbol=NYSE:TSM&c=Taiwan+Semiconductor+Manufacturing) .
