Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.1% - Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price fell 0.1% during trading on Friday . The stock traded as low as $221.28 and last traded at $224.29. 5,277,598 shares were traded during trading, a decline of 69% from the average session volume of 16,805,480 shares. The stock had previously closed at $224.62.

Wall Street Analysts Forecast Growth

A number of research analysts have 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 upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Monday, January 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock's fifty day simple moving average is $201.07 and its 200-day simple moving average is $185.76. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. 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 quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's payout ratio is 27.27%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 25.2% in the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company's stock worth $336,000 after acquiring an additional 390 shares during the last quarter. Xponance Inc. grew its stake in Taiwan Semiconductor Manufacturing by 12.3% during the second quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company's stock worth $905,000 after buying an additional 572 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $362,000. Scientech Research LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $1,321,000. Finally, First County Bank CT purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $226,000. 16.51% of the stock is owned by hedge funds and other 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.