Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 2% - Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price traded down 2% on Wednesday . The stock traded as low as $184.06 and last traded at $185.88. 4,053,383 shares traded hands during trading, a decline of 74% from the average session volume of 15,332,519 shares. The stock had previously closed at $189.67.

Wall Street Analyst Weigh In

TSM has been the topic of several recent analyst reports. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 2.1 %

The stock's fifty day simple moving average is $186.82 and its two-hundred day simple moving average is $173.13. 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 company has a market capitalization of $963.43 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.18%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 242.1% during the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after buying an additional 20,289 shares during the period. Advisory Resource Group boosted its position in Taiwan Semiconductor Manufacturing by 1.4% during the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock worth $1,387,000 after acquiring an additional 107 shares during the period. M&T Bank Corp grew its stake in shares of Taiwan Semiconductor Manufacturing by 12.4% in the third quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company's stock worth $41,979,000 after purchasing an additional 26,715 shares in the last quarter. TCW Group Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.5% during the third quarter. TCW Group Inc. now owns 176,017 shares of the semiconductor company's stock valued at $30,569,000 after purchasing an additional 837 shares during the period. Finally, Soltis Investment Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 673.3% during the third quarter. Soltis Investment Advisors LLC now owns 17,105 shares of the semiconductor company's stock valued at $2,971,000 after purchasing an additional 14,893 shares in the last quarter. 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.

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