Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Declares Dividend Increase – $1.11 Per Share

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) announced 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) annualized dividend 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%annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.2%

Taiwan Semiconductor Manufacturing stock traded up $4.92 during trading hours on Wednesday, reaching $402.20. The company had a trading volume of 8,821,480 shares, compared to its average volume of 14,014,637. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 1.18 and a beta of 1.39. Taiwan Semiconductor Manufacturing has a 12-month low of $188.81 and a 12-month high of $420.00. The company has a 50-day moving average price of $362.53 and a 200 day moving average price of $332.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.51 and a quick ratio of 2.32.

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

Insider Activity at Taiwan Semiconductor Manufacturing

In other news, VP Bor-Zen Tien acquired 1,000 shares of the firm’s stock in a transaction on Sunday, March 22nd. The stock was bought at an average cost of $55.93 per share, with a total value of $55,930.00. Following the transaction, the vice president directly owned 9,051 shares in the company, valued at approximately $506,222.43. This represents a 12.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 1,346 shares of company stock worth $78,185 in the last 90 days. Insiders own 1.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quattro Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $27,000. Stephens Consulting LLC raised its holdings in Taiwan Semiconductor Manufacturing by 82.0% in the 4th quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 41 shares during the period. Evolution Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 257.7% during the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 67 shares during the period. Finally, Strategic Advocates LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 62.1% during the 4th quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.