Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.3% – Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price was down 1.3% during trading on Friday . The stock traded as low as $185.59 and last traded at $186.10. Approximately 3,623,541 shares traded hands during trading, a decline of 76% from the average daily volume of 15,401,282 shares. The stock had previously closed at $188.50.

Analyst Ratings Changes

TSM has been the topic of several research analyst reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.6 %

The company has a market cap of $962.44 billion, a PE ratio of 29.82, a PEG ratio of 0.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The company has a 50 day simple moving average of $185.20 and a two-hundred day simple moving average of $171.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.18%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently added to or reduced their stakes in TSM. Capital International Investors boosted its stake in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after buying an additional 5,643,949 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after buying an additional 4,186,133 shares in the last quarter. FMR LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.2% during the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after buying an additional 3,783,802 shares during the period. Clearbridge Investments LLC boosted its stake in Taiwan Semiconductor Manufacturing by 669.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after buying an additional 3,237,998 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in Taiwan Semiconductor Manufacturing by 1,226.7% in the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock valued at $344,809,000 after acquiring an additional 1,834,298 shares during the period. 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.