Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 1.6%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was down 1.6% during mid-day trading on Wednesday . The stock traded as low as $135.04 and last traded at $135.10. Approximately 3,149,596 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 15,529,733 shares. The stock had previously closed at $137.34.

Analyst Ratings Changes

Several analysts recently issued reports on TSM shares. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Tuesday, April 2nd. Barclays raised 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. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, April 18th. Finally, Needham & Company LLC restated a "buy" rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 1.8 %

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's 50-day moving average price is $137.73 and its 200 day moving average price is $115.76. The firm has a market cap of $699.75 billion, a P/E ratio of 25.70, a PEG ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders 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 annualized dividend and a dividend yield of 1.31%. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently bought and sold shares of the business. Joel Isaacson & Co. LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% during the first quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company's stock valued at $415,000 after buying an additional 74 shares during the last quarter. Toth Financial Advisory Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during 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. Principle Wealth Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 1.3% in the first quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company's stock worth $808,000 after buying an additional 77 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in 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 worth $431,000 after buying an additional 90 shares during the last quarter. Finally, Retirement Group LLC grew its position in Taiwan Semiconductor Manufacturing by 13.8% in the first quarter. Retirement Group LLC now owns 740 shares of the semiconductor company's stock worth $101,000 after buying an additional 90 shares during the last quarter. Institutional investors 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 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.