Taiwan Semiconductor Manufacturing (NYSE:TSM) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other equities analysts have also issued reports on the company. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $191.56 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing has a 12 month low of $91.29 and a 12 month high of $212.60. The company’s fifty day moving average price is $180.90 and its two-hundred day moving average price is $168.70. The firm has a market capitalization of $993.51 billion, a P/E ratio of 30.70, a P/E/G ratio of 0.92 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of the stock. BOKF NA increased its position in Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares during the last quarter. Cetera Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 80.7% in the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after acquiring an additional 35,404 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $210,000. Empowered Funds LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 53.8% during the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after purchasing an additional 7,293 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $437,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

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.