Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price fell 2% on Tuesday . The stock traded as low as $170.43 and last traded at $172.00. 3,972,423 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 15,082,544 shares. The stock had previously closed at $175.56.
Analysts Set New Price Targets
Several research firms recently weighed in on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and an average target price of $220.00.
Check Out Our Latest Research Report on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Price Performance
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 company has a market cap of $915.81 billion, a PE ratio of 25.08, a PEG ratio of 0.66 and a beta of 1.13. The company's 50-day simple moving average is $195.68 and its 200 day simple moving average is $192.33.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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 dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is 30.68%.
Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing
Several institutional investors have recently modified their holdings of the company. Accel Wealth Management lifted its position in Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock valued at $402,000 after acquiring an additional 49 shares during the last quarter. Elmwood Wealth Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company's stock valued at $277,000 after acquiring an additional 50 shares during the last quarter. WP Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock valued at $843,000 after acquiring an additional 50 shares during the last quarter. Heritage Wealth Advisors lifted its position in Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 50 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its position in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after acquiring an additional 50 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
About Taiwan Semiconductor Manufacturing
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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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