Investors purchased shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) on weakness during trading on Wednesday. $64.67 million flowed into the stock on the tick-up and $28.10 million flowed out of the stock on the tick-down, for a money net flow of $36.57 million into the stock. Of all equities tracked, Taiwan Semiconductor Mfg. had the 28th highest net in-flow for the day. Taiwan Semiconductor Mfg. traded down ($0.96) for the day and closed at $36.97

Several research firms have recently weighed in on TSM. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, March 22nd. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. UBS Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research report on Monday, July 2nd. Finally, Susquehanna Bancshares raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research report on Monday, July 2nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. presently has a consensus rating of “Hold” and an average target price of $46.00.

The stock has a market cap of $196.19 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.07 and a beta of 0.91. The company has a current ratio of 2.71, a quick ratio of 2.47 and a debt-to-equity ratio of 0.05.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 19th. The semiconductor company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 34.83% and a return on equity of 23.36%. The company had revenue of $248.08 billion for the quarter, compared to analysts’ expectations of $250.89 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. sell-side analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.35 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, July 19th. Investors of record on Tuesday, June 26th will be given a dividend of $1.3454 per share. The ex-dividend date of this dividend is Monday, June 25th. This is an increase from Taiwan Semiconductor Mfg.’s previous annual dividend of $0.93. This represents a yield of 3.49%. Taiwan Semiconductor Mfg.’s payout ratio is presently 48.85%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bruderman Asset Management LLC purchased a new position in Taiwan Semiconductor Mfg. during the first quarter valued at approximately $101,000. Smart Portfolios LLC purchased a new position in Taiwan Semiconductor Mfg. during the first quarter valued at approximately $103,000. Braun Bostich & Associates Inc. purchased a new position in Taiwan Semiconductor Mfg. during the first quarter valued at approximately $104,000. Wagner Wealth Management LLC purchased a new position in Taiwan Semiconductor Mfg. during the fourth quarter valued at approximately $121,000. Finally, Institutional & Family Asset Management LLC purchased a new position in Taiwan Semiconductor Mfg. during the first quarter valued at approximately $121,000. 19.27% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.

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