Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.9%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report)'s stock price was down 0.9% during mid-day trading on Monday . The stock traded as low as $135.91 and last traded at $137.08. Approximately 4,056,325 shares changed hands during trading, a decline of 74% from the average daily volume of 15,663,656 shares. The stock had previously closed at $138.30.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Susquehanna lifted their price target 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. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The firm has a market cap of $718.47 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 0.99 and a beta of 1.15. The company has a 50 day moving average of $137.06 and a 200 day moving average of $114.97.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors 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 1.27%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 33.52%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several large investors have recently made changes to their positions in TSM. Sanders Capital LLC raised its stake in shares of 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 valued at $4,630,842,000 after purchasing an additional 1,501,548 shares during the period. Capital World Investors lifted its stake in 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 in the last quarter. Fisher Asset Management LLC grew 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 worth $3,232,287,000 after acquiring an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Taiwan Semiconductor Manufacturing by 6.2% in the fourth 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 lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

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.