Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.8%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price was down 0.8% on Tuesday . The stock traded as low as $137.06 and last traded at $138.99. Approximately 5,587,152 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 15,222,997 shares. The stock had previously closed at $140.14.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TSM shares. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a "market perform" rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The company's 50-day simple moving average is $135.95 and its 200-day simple moving average is $112.05. The stock has a market capitalization of $725.06 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's payout ratio is presently 33.20%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently modified their holdings of the stock. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. Financial Gravity Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 211 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $27,000. Sachetta LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $29,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $29,000. 16.51% of the stock is owned by institutional investors.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.