Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.6%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was down 0.6% during trading on Wednesday . The stock traded as low as $132.42 and last traded at $132.60. Approximately 5,163,645 shares traded hands during trading, a decline of 67% from the average daily volume of 15,723,750 shares. The stock had previously closed at $133.43.

Analyst Ratings Changes

A number of research firms recently issued reports on TSM. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The company has a market cap of $689.64 billion, a P/E ratio of 25.26, a PEG ratio of 0.93 and a beta of 1.15. The firm’s 50-day moving average is $136.61 and its two-hundred day moving average is $114.01.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently added to or reduced their stakes in the stock. Tsfg LLC lifted its stake in Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $33,000. Johnson Financial Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. Sachetta LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Finally, First Financial Corp IN purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $40,000. 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.