Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0% – What’s Next?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) dropped 0% during trading on Thursday . The stock traded as low as $219.41 and last traded at $223.09. Approximately 4,164,623 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 17,303,211 shares. The stock had previously closed at $223.20.

Analyst Upgrades and Downgrades

TSM has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.1 %

The stock has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 0.72 and a beta of 1.07. 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 firm has a fifty day moving average of $199.64 and a 200-day moving average of $185.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 25.2% in the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock worth $336,000 after buying an additional 390 shares during the last quarter. Xponance Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 12.3% during the 2nd quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after buying an additional 572 shares during the period. Bwcp LP boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.0% during the 2nd quarter. Bwcp LP now owns 139,501 shares of the semiconductor company’s stock valued at $24,247,000 after buying an additional 45,241 shares during the period. Insigneo Advisory Services LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 27.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 10,435 shares of the semiconductor company’s stock valued at $1,814,000 after buying an additional 2,236 shares during the period. Finally, Fred Alger Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 2nd quarter. Fred Alger Management LLC now owns 1,905,729 shares of the semiconductor company’s stock valued at $331,235,000 after purchasing an additional 22,743 shares during the last quarter. Institutional investors and hedge funds 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.