Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Increases Dividend to $1.11 Per Share

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Wednesday, September 16th will be given a dividend of 1.1136 per share by the semiconductor company on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, September 16th. This is a 17.2% increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95.

Taiwan Semiconductor Manufacturing has increased its dividend payment by an average of 0.1%per year over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Taiwan Semiconductor Manufacturing to earn $18.97 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 15.8%.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $4.92 on Wednesday, reaching $402.20. The stock had a trading volume of 8,821,480 shares, compared to its average volume of 14,014,637. The company has a market capitalization of $2.08 trillion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 1.18 and a beta of 1.39. Taiwan Semiconductor Manufacturing has a 1-year low of $188.81 and a 1-year high of $420.00. The company has a quick ratio of 2.32, a current ratio of 2.51 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $362.53 and a 200-day moving average price of $332.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 38.17%. The firm had revenue of $30.65 billion for the quarter. Research analysts forecast that Taiwan Semiconductor Manufacturing will post 15.25 EPS for the current year.

Insider Buying and Selling

In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien purchased 1,000 shares of the stock in a transaction that occurred on Sunday, March 22nd. The shares were acquired at an average cost of $55.93 per share, with a total value of $55,930.00. Following the completion of the transaction, the vice president owned 9,051 shares in the company, valued at $506,222.43. The trade was a 12.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 1,346 shares of company stock worth $78,185 over the last 90 days. 1.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Shannon River Fund Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $2,430,000. Vanguard Personalized Indexing Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 9.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 101,876 shares of the semiconductor company’s stock valued at $28,470,000 after purchasing an additional 8,738 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Taiwan Semiconductor Manufacturing by 28.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 37,216 shares of the semiconductor company’s stock valued at $10,394,000 after purchasing an additional 8,284 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 125.3% in the 3rd quarter. Hollencrest Capital Management now owns 5,216 shares of the semiconductor company’s stock worth $1,457,000 after acquiring an additional 2,901 shares in the last quarter. Finally, Boyer Financial Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $648,000. 16.51% of the stock is owned by institutional investors.

About Taiwan Semiconductor Manufacturing

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.