Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 2.5% - Here's What Happened

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price fell 2.5% on Monday . The stock traded as low as $191.82 and last traded at $193.29. 5,940,555 shares were traded during trading, a decline of 65% from the average session volume of 16,830,363 shares. The stock had previously closed at $198.24.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSM. 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, February 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a market cap of $934.05 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The firm's fifty day moving average is $204.74 and its 200 day moving average is $191.45. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

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, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.11%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently modified their holdings of the business. BridgePort Financial Solutions LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $340,000. Park Square Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $41,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $738,000. Bernard Wealth Management Corp. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $49,000. Finally, HWG Holdings LP acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $4,530,000. 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.