Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.2%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares were down 0.2% during mid-day trading on Monday . The company traded as low as $125.78 and last traded at $127.42. Approximately 6,931,219 shares were traded during trading, a decline of 56% from the average daily volume of 15,754,842 shares. The stock had previously closed at $127.70.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSM. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock 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 report on Thursday, April 11th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 1.6 %

The business has a 50 day moving average of $136.50 and a 200 day moving average of $113.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The firm has a market capitalization of $673.04 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The company had revenue of $19.62 billion for the quarter, compared to analysts' expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.1 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. Shareholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sanders Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company's stock worth $4,630,842,000 after purchasing an additional 1,501,548 shares in the last quarter. Capital World Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.4% in 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 acquiring an additional 4,240,928 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in 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 acquiring an additional 442,289 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 purchasing an additional 1,649,279 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock worth $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

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.