Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.9%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 0.9% during trading on Tuesday . The stock traded as low as $138.64 and last traded at $138.91. 3,877,690 shares were traded during mid-day trading, a decline of 75% from the average session volume of 15,697,037 shares. The stock had previously closed at $140.23.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research analyst reports. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. Finally, Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 1.6 %

The firm has a market cap of $708.83 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 1.06 and a beta of 1.15. The firm’s 50 day moving average price is $128.42 and its two-hundred day moving average price is $106.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1,333.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 240 shares during the period. Financial Gravity Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $27,000. Finally, Carolinas Wealth Consulting LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 334.8% during the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after buying an additional 221 shares in the last quarter. Institutional investors and hedge funds 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.