Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.2% - Time to Sell?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) were down 0.2% during mid-day trading on Wednesday . The company traded as low as $166.35 and last traded at $168.34. Approximately 1,784,308 shares were traded during trading, a decline of 88% from the average daily volume of 15,234,800 shares. The stock had previously closed at $168.64.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Down 6.0 %

The firm has a market capitalization of $830.50 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a fifty day moving average price of $189.38 and a two-hundred day moving average price of $192.49.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. 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 dividend on an annualized basis and a dividend yield of 1.71%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.68%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 258.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company's stock worth $3,059,000 after buying an additional 12,695 shares during the period. Ascent Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company's stock worth $888,000 after buying an additional 123 shares in the last quarter. Hilltop Holdings Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 83.6% in the third quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company's stock worth $2,127,000 after acquiring an additional 5,579 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 49.7% in the third quarter. IHT Wealth Management LLC now owns 13,057 shares of the semiconductor company's stock valued at $2,264,000 after buying an additional 4,336 shares during the last quarter. Finally, Morse Asset Management Inc boosted its stake in Taiwan Semiconductor Manufacturing by 120.7% during the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock worth $3,074,000 after buying an additional 9,683 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.