Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.9% - Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was down 1.9% during trading on Tuesday . The company traded as low as $197.47 and last traded at $198.39. Approximately 4,239,647 shares traded hands during trading, a decline of 72% from the average daily volume of 15,099,300 shares. The stock had previously closed at $202.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TSM shares. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reissued a "buy" rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market cap of $1.04 trillion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. The stock's 50-day moving average is $193.68 and its 200-day moving average is $178.98. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. Taiwan Semiconductor Manufacturing's payout ratio is currently 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $29,000. Finally, Fairscale Capital LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $32,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Company Profile

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.