Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 4% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was down 4% on Thursday . The company traded as low as $185.11 and last traded at $186.87. Approximately 7,728,860 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 16,869,992 shares. The stock had previously closed at $194.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSM shares. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The firm’s fifty day simple moving average is $204.74 and its 200 day simple moving average is $191.45. The company has a market capitalization of $934.05 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.11%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $27,000. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $25,000. Finally, Accredited Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $31,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.