Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.9%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 0.9% during mid-day trading on Tuesday . The stock traded as low as $138.64 and last traded at $138.91. 3,877,690 shares traded hands during trading, a decline of 75% from the average session volume of 15,697,037 shares. The stock had previously closed at $140.23.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TSM shares. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, February 13th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $128.25.

Taiwan Semiconductor Manufacturing Price Performance

The company has a market cap of $708.83 billion, a P/E ratio of 26.38, a PEG ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The company has a fifty day moving average price of $128.42 and a two-hundred day moving average price of $106.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 30.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after acquiring an additional 318,570 shares during the period. Zions Bancorporation N.A. increased its position in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 135 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Taiwan Semiconductor Manufacturing by 40.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after purchasing an additional 3,638 shares during the period. Merit Financial Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 346 shares during the period. Finally, Ergoteles LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 138.6% in the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after buying an additional 26,426 shares in the last quarter. 16.51% of the stock is currently owned by 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.