Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.8% - Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares fell 0.8% on Friday . The company traded as low as $161.16 and last traded at $162.91. 4,287,246 shares were traded during trading, a decline of 73% from the average session volume of 15,728,361 shares. The stock had previously closed at $164.18.

Analysts Set New Price Targets

Several equities research analysts have commented on TSM shares. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

The firm has a market capitalization of $857.21 billion, a PE ratio of 23.48, a P/E/G ratio of 0.66 and a beta of 1.16. 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's fifty day simple moving average is $169.09 and its 200 day simple moving average is $189.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 27.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several institutional investors and hedge funds have recently bought and sold shares of TSM. Price T Rowe Associates Inc. MD raised its holdings in shares of Taiwan Semiconductor Manufacturing by 67.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock valued at $2,047,065,000 after acquiring an additional 4,158,772 shares in the last quarter. Jennison Associates LLC lifted its position in Taiwan Semiconductor Manufacturing by 72.9% during the fourth quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company's stock valued at $1,372,461,000 after purchasing an additional 2,931,209 shares during the last quarter. FMR LLC grew its stake in Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after buying an additional 2,572,488 shares in the last quarter. Sarasin & Partners LLP bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth $362,773,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after acquiring an additional 2,074,329 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.