Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.6% - Here's What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was down 0.6% on Friday . The company traded as low as $173.70 and last traded at $174.86. Approximately 4,813,462 shares were traded during trading, a decline of 73% from the average daily volume of 17,995,861 shares. The stock had previously closed at $175.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TSM shares. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

The firm has a market capitalization of $915.80 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $202.05 and a 200 day moving average price of $191.76.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.55%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.68%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after acquiring an additional 1,476 shares during the last quarter. McHugh Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $605,000. OLD National Bancorp IN raised its position in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after acquiring an additional 2,368 shares during the last quarter. Hardman Johnston Global Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after acquiring an additional 26,847 shares during the last quarter. Finally, Private Client Services LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $201,000. Institutional investors and hedge funds 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.