Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.9% - Here's Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares were down 3.9% during trading on Monday . The stock traded as low as $195.36 and last traded at $195.49. Approximately 8,760,606 shares traded hands during trading, a decline of 44% from the average daily volume of 15,538,924 shares. The stock had previously closed at $203.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TSM shares. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The company has a 50 day simple moving average of $178.58 and a 200-day simple moving average of $166.78. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.00%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 36.95%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $25,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Finally, North Star Investment Management Corp. increased its stake in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. 16.51% of the stock is 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 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.