Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.3% - Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price dropped 1.3% during trading on Monday . The company traded as low as $159.73 and last traded at $163.18. Approximately 6,830,141 shares traded hands during trading, a decline of 55% from the average daily volume of 15,260,123 shares. The stock had previously closed at $165.25.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The business has a fifty day moving average price of $189.38 and a 200 day moving average price of $192.49. The company has a market cap of $816.24 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. As a group, research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.74%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.68%.

Institutional Inflows and Outflows

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

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.