Taiwan Semiconductor Manufacturing Company Ltd. (TSM) To Go Ex-Dividend on December 10th

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Thursday, December 10th will be paid a dividend of 1.0854 per share by the semiconductor company on Thursday, January 7th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th.

Taiwan Semiconductor Manufacturing has increased its dividend by an average of 0.1%per year over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Taiwan Semiconductor Manufacturing to earn $20.87 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 16.8%.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $429.03 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $426.03 and its 200 day moving average price is $389.45. Taiwan Semiconductor Manufacturing has a 52-week low of $223.70 and a 52-week high of $479.00. The firm has a market cap of $2.23 trillion, a P/E ratio of 30.95, a PEG ratio of 0.97 and a beta of 1.38.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.37%. The company had revenue of $39.89 billion during the quarter. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 16.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on TSM. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 6th. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $524.25.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.