Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 2.5% - Here's Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price was down 2.5% during trading on Thursday . The company traded as low as $176.66 and last traded at $179.70. Approximately 7,048,767 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 18,071,037 shares. The stock had previously closed at $184.28.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Performance

The business's 50-day moving average price is $202.05 and its 200-day moving average price is $191.76. 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 market cap of $915.80 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Accel Wealth Management lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock valued at $402,000 after buying an additional 49 shares in the last quarter. FWG Holdings LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company's stock worth $539,000 after purchasing an additional 50 shares in the last quarter. Elmwood Wealth Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 50 shares in the last quarter. WP Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock worth $843,000 after purchasing an additional 50 shares in the last quarter. Finally, Heritage Wealth Advisors lifted its stake in Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other 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.