Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.4%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price dropped 0.4% during trading on Friday . The company traded as low as $173.86 and last traded at $175.43. Approximately 2,323,847 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 15,560,704 shares. The stock had previously closed at $176.22.

Analyst Ratings Changes

TSM has been the subject of a number of research reports. Susquehanna reiterated a "positive" rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, June 5th. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 15th. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, June 20th. Finally, TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a fifty day moving average price of $167.03 and a two-hundred day moving average price of $157.84. The company has a market cap of $902.64 billion, a P/E ratio of 33.15, a PEG ratio of 0.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analysts' expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business's revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's payout ratio is 37.71%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. Van ECK Associates Corp raised its holdings in Taiwan Semiconductor Manufacturing by 53.4% during the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company's stock worth $2,369,473,000 after purchasing an additional 6,060,511 shares in the last quarter. Capital International Investors raised its holdings in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company's stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Capital World Investors raised its holdings in Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company's stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock worth $646,832,000 after purchasing an additional 3,237,998 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

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.