Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.9% - Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was down 0.9% during trading on Wednesday . The stock traded as low as $200.02 and last traded at $200.99. Approximately 3,629,046 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 17,193,439 shares. The stock had previously closed at $202.74.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market cap of $1.03 trillion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The stock's fifty day moving average price is $205.85 and its 200-day moving average price is $190.22. 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 released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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, equities analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given 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 of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.27%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Putney Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $1,614,000. Value Partners Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $161,000. Vermillion Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $101,000. Forum Financial Management LP lifted its position in Taiwan Semiconductor Manufacturing by 10.1% in the fourth quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company's stock valued at $281,000 after buying an additional 131 shares during the last quarter. Finally, Baer Investment Advisory LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $170,000. Institutional investors and hedge funds 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.

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