Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.7% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price was down 1.7% during trading on Friday . The stock traded as low as $165.40 and last traded at $165.45. Approximately 3,592,371 shares were traded during trading, a decline of 76% from the average daily volume of 15,026,615 shares. The stock had previously closed at $168.24.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned 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 a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.6 %

The firm has a market cap of $858.72 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business’s 50 day moving average is $193.26 and its 200-day moving average is $192.32. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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%. As a group, analysts forecast 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. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.66%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

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