Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Increases Dividend to $0.46 Per Share

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) announced a quarterly dividend on Wednesday, May 11th, Wall Street Journal reports. Stockholders of record on Friday, September 16th will be given a dividend of 0.4625 per share by the semiconductor company on Thursday, October 13th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 15th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39.

Taiwan Semiconductor Manufacturing has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Taiwan Semiconductor Manufacturing to earn $6.27 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 31.4%.

NYSE TSM opened at $86.43 on Thursday. Taiwan Semiconductor Manufacturing has a one year low of $87.01 and a one year high of $145.00. The business’s fifty day moving average is $99.91 and its 200-day moving average is $113.56. The stock has a market capitalization of $448.23 billion, a price-to-earnings ratio of 19.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 1.86.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Taiwan Semiconductor Manufacturing had a return on equity of 31.70% and a net margin of 38.44%. The business had revenue of $491.08 billion for the quarter, compared to analysts’ expectations of $471.53 billion. During the same period in the previous year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. Research analysts expect that Taiwan Semiconductor Manufacturing will post 5.93 EPS for the current fiscal year.

TSM has been the topic of a number of research reports. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Atlantic Securities upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $125.00 to $170.00 in a research note on Thursday, January 13th. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Finally, DZ Bank started coverage on Taiwan Semiconductor Manufacturing in a research report on Wednesday, January 12th. They set a “buy” rating and a $145.00 price target on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average target price of $135.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Monolith Advisors purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $59,000. Zullo Investment Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $67,000. Crestwood Advisors Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $251,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $301,000. Finally, Wealthsource Partners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $362,000.

Taiwan Semiconductor Manufacturing Company Profile (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Dividend History for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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