Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 2.7% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 2.7% during trading on Monday . The stock traded as low as $197.98 and last traded at $203.71. 8,868,950 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 19,671,080 shares. The stock had previously closed at $209.32.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 4.5 %

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 stock has a 50-day moving average price of $202.44 and a 200-day moving average price of $186.43. The stock has a market cap of $1.04 trillion, a P/E ratio of 28.40, a P/E/G ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.10%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $29,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Finally, Archer Investment Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares in the last quarter. Institutional investors 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.