Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 2.4% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 2.4% during mid-day trading on Thursday . The stock traded as low as $199.23 and last traded at $201.33. 7,189,960 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 17,238,229 shares. The stock had previously closed at $206.38.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

The company has a market capitalization of $1.06 trillion, a PE ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. 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 simple moving average of $205.26 and a 200-day simple moving average of $188.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data 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%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.35%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors have recently modified their holdings of TSM. AMF Tjanstepension AB grew its stake in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the last quarter. Creative Planning boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.1% during the third quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock valued at $86,086,000 after acquiring an additional 37,122 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 12.9% during the third quarter. Cornerstone Wealth Management LLC now owns 6,824 shares of the semiconductor company’s stock worth $1,185,000 after acquiring an additional 778 shares during the last quarter. Good Life Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 25.4% in the 3rd quarter. Good Life Advisors LLC now owns 3,786 shares of the semiconductor company’s stock worth $658,000 after acquiring an additional 766 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,649 shares of the semiconductor company’s stock valued at $7,233,000 after purchasing an additional 246 shares during the last quarter. 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.