Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.9%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 0.9% during trading on Monday . The company traded as low as $135.91 and last traded at $137.08. 4,056,325 shares were traded during trading, a decline of 74% from the average session volume of 15,663,656 shares. The stock had previously closed at $138.30.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 0.2 %

The firm has a market capitalization of $718.99 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 0.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The business has a fifty day moving average price of $137.06 and a 200 day moving average price of $114.97.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.52%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanders Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after purchasing an additional 1,501,548 shares during the period. Capital World Investors grew its position in Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after acquiring an additional 442,289 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after buying an additional 1,649,279 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after buying an additional 2,400,882 shares during the period. 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 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.