Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares traded down 0.2% on Wednesday . The stock traded as low as $137.06 and last traded at $139.80. 14,218,222 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 12,559,826 shares. The stock had previously closed at $140.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. 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 upped their price target 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. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.75.

Taiwan Semiconductor Manufacturing Price Performance

The stock has a market capitalization of $685.90 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.06 and a beta of 1.15. 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 business’s 50 day simple moving average is $136.61 and its 200-day simple moving average is $112.74.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (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 business had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. On average, research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.33%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several large investors have recently modified their holdings of the stock. Johnson Financial Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Financial Gravity Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. Sachetta LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Finally, PCA Investment Advisory Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.