Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.5% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) traded down 0.5% during trading on Tuesday . The company traded as low as $179.80 and last traded at $180.21. 2,925,173 shares traded hands during trading, a decline of 81% from the average session volume of 15,039,274 shares. The stock had previously closed at $181.16.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of analyst reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays boosted their target price 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a market capitalization of $880.71 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a fifty day moving average price of $194.19 and a 200 day moving average price of $192.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.61%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in TSM. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $29,000. Finally, Accredited Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.