Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.1% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price dropped 0.1% on Wednesday . The company traded as low as $171.74 and last traded at $173.01. Approximately 2,846,639 shares traded hands during trading, a decline of 81% from the average daily volume of 15,058,444 shares. The stock had previously closed at $173.13.

Analyst Ratings Changes

A number of analysts have recently commented on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays lifted their price objective 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, Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

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 company has a market cap of $897.10 billion, a PE ratio of 24.56, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a 50-day moving average price of $197.58 and a two-hundred day moving average price of $192.08.

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, topping 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 116.0% during the 3rd quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock valued at $18,176,000 after buying an additional 56,211 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 13.3% in the 3rd quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock valued at $3,486,000 after purchasing an additional 2,360 shares in the last quarter. Claro Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 21.9% during the third quarter. Claro Advisors LLC now owns 2,865 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 514 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in Taiwan Semiconductor Manufacturing by 22.6% in the third quarter. Meeder Advisory Services Inc. now owns 3,981 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 734 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.7% in the third quarter. Caprock Group LLC now owns 62,676 shares of the semiconductor company’s stock valued at $10,925,000 after buying an additional 1,027 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

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.