Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Declares $0.65 Quarterly Dividend

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared a quarterly dividend on Thursday, May 15th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.6499 per share by the semiconductor company on Thursday, October 9th. This represents a $2.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, September 16th.

Taiwan Semiconductor Manufacturing has increased its dividend by an average of 19.2% annually over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.3%

Shares of Taiwan Semiconductor Manufacturing stock opened at $194.16 on Friday. Taiwan Semiconductor Manufacturing has a 1-year low of $133.57 and a 1-year high of $226.40. The company has a market capitalization of $1.01 trillion, a PE ratio of 27.58, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50-day moving average of $166.96 and a 200-day moving average of $187.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.00.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A hedge fund recently raised its stake in Taiwan Semiconductor Manufacturing stock. Brighton Jones LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. 16.51% of the stock is owned by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

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.