Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.3% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price traded down 3.3% during trading on Wednesday . The company traded as low as $148.49 and last traded at $152.12. 7,318,212 shares traded hands during trading, a decline of 60% from the average session volume of 18,250,965 shares. The stock had previously closed at $157.33.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Down 5.4 %

The company has a market cap of $772.21 billion, a PE ratio of 21.15, a PEG ratio of 0.66 and a beta of 1.16. The stock has a 50 day moving average price of $177.09 and a 200 day moving average price of $190.54. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.84%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of TSM. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Finally, Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.