Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 1.1% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price fell 1.1% on Tuesday . The stock traded as low as $190.81 and last traded at $191.29. 1,914,166 shares were traded during mid-day trading, a decline of 88% from the average session volume of 15,864,094 shares. The stock had previously closed at $193.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, 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, April 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

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 stock has a market cap of $997.76 billion, a PE ratio of 27.33, a PEG ratio of 0.66 and a beta of 1.21. The stock has a 50 day moving average of $167.75 and a two-hundred day moving average of $187.38.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after buying an additional 1,476 shares during the last quarter. McHugh Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $605,000. OLD National Bancorp IN lifted its stake in Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Guardian Partners Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $9,222,000. Finally, Hardman Johnston Global Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 7.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares during the period. Institutional investors and hedge funds 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.