Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.4% – Here’s Why

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 0.4% during mid-day trading on Thursday . The stock traded as low as $186.74 and last traded at $187.56. Approximately 10,251,949 shares were traded during trading, a decline of 33% from the average daily volume of 15,339,114 shares. The stock had previously closed at $188.36.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSM shares. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

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’s 50-day moving average price is $187.92 and its two-hundred day moving average price is $173.68. The company has a market capitalization of $985.52 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 0.88 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at $25,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. 16.51% of the stock is currently owned by 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.