Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.3% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was down 1.3% during mid-day trading on Friday . The stock traded as low as $185.59 and last traded at $186.10. Approximately 3,623,541 shares changed hands during trading, a decline of 76% from the average daily volume of 15,401,282 shares. The stock had previously closed at $188.50.

Analyst Ratings Changes

TSM has been the topic of several recent analyst reports. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The company has a fifty day moving average price of $185.20 and a 200 day moving average price of $171.59. The stock has a market cap of $962.44 billion, a P/E ratio of 29.82, a P/E/G ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of large investors have recently modified their holdings of TSM. ProShare Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $210,000. Kingsview Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.0% during the first quarter. Kingsview Wealth Management LLC now owns 15,221 shares of the semiconductor company’s stock worth $2,071,000 after acquiring an additional 585 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $150,000. Blair William & Co. IL grew its holdings in shares of Taiwan Semiconductor Manufacturing by 5.4% during the 1st quarter. Blair William & Co. IL now owns 64,105 shares of the semiconductor company’s stock valued at $8,721,000 after purchasing an additional 3,262 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 7,950 shares of the semiconductor company’s stock valued at $1,082,000 after purchasing an additional 502 shares during the period. Institutional investors own 16.51% of the company’s stock.

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.