Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.3% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price fell 0.3% during mid-day trading on Thursday . The stock traded as low as $193.95 and last traded at $195.01. 3,640,950 shares were traded during mid-day trading, a decline of 76% from the average session volume of 15,076,684 shares. The stock had previously closed at $195.56.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Down 0.2 %

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 stock has a market capitalization of $1.01 trillion, a PE ratio of 31.27, a PEG ratio of 0.93 and a beta of 1.09. The company has a 50 day moving average price of $193.85 and a 200-day moving average price of $179.10.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (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 firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $25,000. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Fairscale Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $32,000. Finally, Sugarloaf Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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.