Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.6%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) traded down 0.6% on Thursday . The stock traded as low as $133.22 and last traded at $134.16. 2,738,781 shares changed hands during trading, a decline of 82% from the average session volume of 15,490,839 shares. The stock had previously closed at $134.94.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TD Cowen upped 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. Needham & Company LLC reiterated a "buy" rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna upped their target price 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 Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Finally, Barclays raised their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a market cap of $706.86 billion, a PE ratio of 25.96, a PEG ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $137.88 and a 200-day moving average of $115.91.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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 annualized dividend and a dividend yield of 1.29%. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Diversified LLC boosted its position in Taiwan Semiconductor Manufacturing by 5.8% in the first quarter. Diversified LLC now owns 2,034 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 111 shares during the last quarter. Financial Counselors Inc. boosted its position in Taiwan Semiconductor Manufacturing by 6.3% in the first quarter. Financial Counselors Inc. now owns 14,141 shares of the semiconductor company's stock worth $1,924,000 after purchasing an additional 838 shares during the last quarter. Jennison Associates LLC boosted its position in Taiwan Semiconductor Manufacturing by 8.1% in the first quarter. Jennison Associates LLC now owns 3,714,266 shares of the semiconductor company's stock worth $505,326,000 after purchasing an additional 276,974 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 11.5% in the first quarter. Pittenger & Anderson Inc. now owns 52,975 shares of the semiconductor company's stock valued at $7,207,000 after buying an additional 5,485 shares during the period. Finally, GSB Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.1% in the first quarter. GSB Wealth Management LLC now owns 12,584 shares of the semiconductor company's stock valued at $1,712,000 after buying an additional 832 shares during the period. Hedge funds and other 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.