Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.4% - Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was down 3.4% on Thursday . The company traded as low as $187.66 and last traded at $187.79. Approximately 4,407,793 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 15,501,320 shares. The stock had previously closed at $194.48.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSM. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays upped 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 2.5 %

The stock's fifty day moving average is $179.54 and its two-hundred day moving average is $167.35. The company has a market cap of $983.34 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing's payout ratio is 36.95%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Finally, NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. 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.

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