Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.6% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was down 0.6% during trading on Friday . The company traded as low as $173.70 and last traded at $174.86. Approximately 4,813,462 shares traded hands during trading, a decline of 73% from the average daily volume of 17,995,861 shares. The stock had previously closed at $175.85.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market capitalization of $915.80 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The firm has a 50 day moving average price of $202.05 and a two-hundred day moving average price of $191.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the company. Summit Global Investments grew its stake in Taiwan Semiconductor Manufacturing by 186.8% during the 3rd quarter. Summit Global Investments now owns 12,766 shares of the semiconductor company’s stock valued at $2,217,000 after acquiring an additional 8,315 shares in the last quarter. Hollencrest Capital Management grew its position in Taiwan Semiconductor Manufacturing by 71.5% during the third quarter. Hollencrest Capital Management now owns 3,425 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 1,428 shares in the last quarter. Equitable Trust Co. grew its position in Taiwan Semiconductor Manufacturing by 9.8% during the third quarter. Equitable Trust Co. now owns 35,590 shares of the semiconductor company’s stock valued at $6,181,000 after purchasing an additional 3,178 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $425,000. Finally, Galvin Gaustad & Stein LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 103,491 shares of the semiconductor company’s stock valued at $17,973,000 after buying an additional 5,779 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Profile

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.