Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.7% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares fell 1.7% during trading on Tuesday . The company traded as low as $187.80 and last traded at $188.40. 6,183,372 shares were traded during trading, a decline of 63% from the average session volume of 16,794,268 shares. The stock had previously closed at $191.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $205.59 and a 200 day moving average of $191.26. The firm has a market capitalization of $980.49 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSM. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Finally, Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $29,000. Institutional investors 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.