Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Plans Quarterly Dividend of $0.55

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.5484 per share by the semiconductor company on Thursday, April 10th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49.

Taiwan Semiconductor Manufacturing has raised its dividend payment by an average of 2.1% per year over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Taiwan Semiconductor Manufacturing to earn $8.63 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 28.6%.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $4.18 during midday trading on Thursday, reaching $190.84. 4,375,701 shares of the company traded hands, compared to its average volume of 15,424,282. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing has a 12 month low of $95.25 and a 12 month high of $212.60. The firm has a market capitalization of $989.78 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The business has a 50 day moving average of $184.70 and a two-hundred day moving average of $171.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing will post 6.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Company Profile

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.