Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.6%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $133.22 and last traded at $134.16. 2,738,781 shares were traded during mid-day trading, a decline of 82% from the average session volume of 15,490,839 shares. The stock had previously closed at $134.94.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of analyst reports. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

The company has a 50-day moving average price of $137.88 and a 200 day moving average price of $115.91. The stock has a market capitalization of $734.09 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.52%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently bought and sold shares of the company. Sanders Capital LLC grew its position in Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after purchasing an additional 1,501,548 shares during the last quarter. Capital World Investors increased its position in shares of Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after acquiring an additional 4,240,928 shares during the period. Fisher Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after acquiring an additional 442,289 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after acquiring an additional 1,649,279 shares during the period. Finally, Morgan Stanley grew its stake in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after purchasing an additional 2,400,882 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.