Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price fell 0.2% during trading on Wednesday . The company traded as low as $161.99 and last traded at $162.12. 3,581,798 shares changed hands during trading, a decline of 77% from the average session volume of 15,715,975 shares. The stock had previously closed at $162.43.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSM shares. Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market capitalization of $869.29 billion, a P/E ratio of 30.88, a PEG ratio of 0.92 and a beta of 1.14. The stock’s 50-day simple moving average is $169.33 and its 200 day simple moving average is $155.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 EPS. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently modified their holdings of the business. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. LifeSteps Financial Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $27,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Finally, Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. 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.