Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s share price fell 0.2% on Wednesday . The company traded as low as $137.06 and last traded at $139.80. 14,218,222 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 12,559,826 shares. The stock had previously closed at $140.14.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSM. Needham & Company LLC increased 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. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research 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 raised their target price 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. Finally, TD Cowen raised their target price 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.00.

Taiwan Semiconductor Manufacturing Price Performance

The firm has a market cap of $721.33 billion, a P/E ratio of 26.85, a PEG ratio of 1.07 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $136.64 and a 200-day simple moving average of $112.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) 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 return on equity of 25.24% and a net margin of 38.80%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing's payout ratio is 33.20%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently made changes to their positions in the business. Sanders Capital LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company's stock worth $4,630,842,000 after acquiring an additional 1,501,548 shares during the last quarter. Capital World Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 11.4% during the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company's stock valued at $4,301,178,000 after buying an additional 4,240,928 shares during the last quarter. Morgan Stanley raised its stake in shares of Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company's stock valued at $2,421,936,000 after buying an additional 7,045,899 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock valued at $3,232,287,000 after buying an additional 442,289 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company's stock valued at $2,958,134,000 after buying an additional 1,649,279 shares during the last quarter. Institutional investors and hedge funds 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.