Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 3.2% – Here’s What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) dropped 3.2% during trading on Thursday . The stock traded as low as $170.63 and last traded at $171.57. Approximately 5,291,269 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 17,992,771 shares. The stock had previously closed at $177.17.

Analyst Ratings Changes

TSM has been the subject of several research reports. 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. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50 day moving average of $199.22 and a 200 day moving average of $191.72. The firm has a market capitalization of $903.29 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.57%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. Sanders Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.6% in the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company’s stock valued at $8,270,379,000 after purchasing an additional 231,310 shares in the last quarter. Capital World Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company’s stock valued at $7,031,632,000 after purchasing an additional 294,316 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock valued at $4,995,984,000 after purchasing an additional 359,854 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company’s stock valued at $4,391,957,000 after purchasing an additional 1,683,256 shares in the last quarter. 16.51% of the stock is currently owned by 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.