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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price dropped 0.2% during trading on Wednesday . The stock traded as low as $166.35 and last traded at $168.34. Approximately 1,784,308 shares changed hands during mid-day 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

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

Taiwan Semiconductor Manufacturing Price Performance

The firm's 50 day moving average is $185.60 and its 200 day moving average is $192.23. The firm has a market cap of $751.44 billion, a P/E ratio of 20.47, 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted 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 return on equity of 30.47% and a net margin of 40.51%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current 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 paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.68%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Somerset Trust Co grew its stake in shares of Taiwan Semiconductor Manufacturing by 15.7% during the 1st quarter. Somerset Trust Co now owns 6,567 shares of the semiconductor company's stock valued at $1,090,000 after purchasing an additional 893 shares during the period. Private Client Services LLC grew its position in Taiwan Semiconductor Manufacturing by 32.3% during the first quarter. Private Client Services LLC now owns 1,347 shares of the semiconductor company's stock valued at $224,000 after buying an additional 329 shares during the period. GuoLine Advisory Pte Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $12,118,000. Summit Global Investments raised its position in Taiwan Semiconductor Manufacturing by 279.8% in the first quarter. Summit Global Investments now owns 10,829 shares of the semiconductor company's stock worth $1,798,000 after acquiring an additional 7,978 shares during the period. Finally, Tompkins Financial Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 8.5% during the 1st quarter. Tompkins Financial Corp now owns 1,272 shares of the semiconductor company's stock worth $211,000 after acquiring an additional 100 shares during 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.