Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price fell 3.7% during trading on Thursday . The company traded as low as $130.30 and last traded at $133.83. 21,689,818 shares were traded during mid-day trading, an increase of 40% from the average session volume of 15,456,622 shares. The stock had previously closed at $139.03.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSM. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Tuesday, April 2nd. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a "buy" rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price of $155.75.

Taiwan Semiconductor Manufacturing Stock Down 4.9 %

The stock has a market cap of $685.90 billion, a P/E ratio of 25.56, a PEG ratio of 1.07 and a beta of 1.15. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The business 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 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. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The company had revenue of $19.62 billion during the quarter, compared to analysts' expectations of $18.99 billion. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 33.20%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds have recently modified their holdings of the business. Toth Financial Advisory Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company's stock valued at $311,000 after acquiring an additional 74 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,778 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company's stock valued at $431,000 after purchasing an additional 90 shares in the last quarter. Avestar Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% in the fourth quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company's stock valued at $567,000 after purchasing an additional 95 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company's stock valued at $501,000 after purchasing an additional 96 shares in the last quarter. 16.51% of the stock is 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.