Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.3% – Here’s What Happened

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 0.3% on Friday . The stock traded as low as $175.52 and last traded at $180.62. Approximately 10,273,625 shares were traded during trading, a decline of 40% from the average daily volume of 17,129,938 shares. The stock had previously closed at $181.09.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market cap of $934.05 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 0.66 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $204.74 and its 200-day moving average is $191.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates 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, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. 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. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.11%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 100 shares during the period. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $25,000. Stephens Inc. AR boosted its position in Taiwan Semiconductor Manufacturing by 1.9% in the 3rd quarter. Stephens Inc. AR now owns 65,845 shares of the semiconductor company’s stock valued at $11,435,000 after buying an additional 1,228 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company’s stock valued at $418,000 after acquiring an additional 71 shares in the last quarter. Finally, Roanoke Asset Management Corp NY purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $211,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.