Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.4% - Here's Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was down 0.4% during mid-day trading on Thursday . The company traded as low as $186.74 and last traded at $187.56. Approximately 10,251,949 shares were traded during trading, a decline of 33% from the average daily volume of 15,339,114 shares. The stock had previously closed at $188.36.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSM. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $210.00 target price 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 given a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

The firm has a market cap of $989.67 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 0.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The business has a fifty day moving average of $187.19 and a two-hundred day moving average of $173.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $22.72 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently bought and sold shares of TSM. ProShare Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at $210,000. Crewe Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $100,000. CreativeOne Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 25.8% in the first quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company's stock valued at $573,000 after purchasing an additional 863 shares during the period. EP Wealth Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 5.8% during the first quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company's stock worth $1,974,000 after purchasing an additional 794 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $976,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

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.

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