Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.8%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price fell 0.8% on Tuesday . The company traded as low as $137.06 and last traded at $138.99. 5,587,152 shares were traded during mid-day trading, a decline of 63% from the average session volume of 15,222,997 shares. The stock had previously closed at $140.14.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSM. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Trading Down 0.4 %

The stock’s 50 day moving average price is $135.95 and its 200-day moving average price is $112.05. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $724.23 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.09 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Sachetta LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Finally, PCA Investment Advisory Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $29,000. 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.