Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.5% - What's Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $179.80 and last traded at $180.21. Approximately 2,925,173 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 15,039,274 shares. The stock had previously closed at $181.16.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays increased their target price 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. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.9 %

The company has a market cap of $856.15 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 0.66 and a beta of 1.13. The firm has a fifty day moving average price of $193.26 and a 200 day moving average price of $192.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced 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 net margin of 40.51% and a return on equity of 30.47%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. 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 annualized dividend and a yield of 1.66%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.68%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mascagni Wealth Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $400,000. Fairtree Asset Management Pty Ltd bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,368,000. DSG Capital Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $10,124,000. Chancellor Financial Group WB LP bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $217,000. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 268,231 shares of the semiconductor company's stock valued at $52,973,000 after acquiring an additional 2,064 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

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.