Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was down 1% during trading on Wednesday . The company traded as low as $137.90 and last traded at $140.02. Approximately 10,030,643 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 15,633,328 shares. The stock had previously closed at $141.37.

Analysts Set New Price Targets

TSM has been the topic of several research reports. Barclays upped 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. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on 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 Stock Up 3.8 %

The firm has a market cap of $813.44 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The firm’s 50-day moving average price is $180.15 and its 200 day moving average price is $191.08. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.75%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several large investors have recently bought and sold shares of TSM. Gateway Investment Advisers LLC lifted its position in Taiwan Semiconductor Manufacturing by 51.3% in the first quarter. Gateway Investment Advisers LLC now owns 1,663 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 564 shares during the period. Blue Zone Wealth Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.7% during the first quarter. Blue Zone Wealth Advisors LLC now owns 2,003 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 72 shares during the period. Alliance Wealth Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 8.2% in the first quarter. Alliance Wealth Advisors LLC now owns 1,772 shares of the semiconductor company’s stock worth $294,000 after acquiring an additional 135 shares in the last quarter. City State Bank grew its stake in shares of Taiwan Semiconductor Manufacturing by 26.3% in the 1st quarter. City State Bank now owns 6,624 shares of the semiconductor company’s stock worth $1,100,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 16.5% in the 1st quarter. Tower Wealth Partners Inc. now owns 1,712 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.