Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.5%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was down 1.5% during trading on Tuesday . The company traded as low as $151.06 and last traded at $152.66. Approximately 3,947,421 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 14,807,318 shares. The stock had previously closed at $154.95.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Finally, Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a market cap of $845.07 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.09 and a beta of 1.11. The firm’s 50 day simple moving average is $144.92 and its 200-day simple moving average is $126.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.19%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $27,000. North Star Investment Management Corp. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the last quarter. Tsfg LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 470.7% during the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 193 shares during the period. Indiana Trust & Investment Management CO purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $33,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

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.