Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.7%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) fell 0.7% on Tuesday . The stock traded as low as $140.51 and last traded at $141.89. 2,734,383 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 15,317,215 shares. The stock had previously closed at $142.83.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Susquehanna boosted their target price 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. Needham & Company LLC reaffirmed a "buy" rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, April 18th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

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 stock's fifty day simple moving average is $138.61 and its two-hundred day simple moving average is $117.32. The company has a market capitalization of $731.75 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.01 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in TSM. Congress Wealth Management LLC DE raised its position in Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company's stock worth $2,686,000 after acquiring an additional 671 shares in the last quarter. CapWealth Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company's stock worth $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock worth $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Verus Capital Partners LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 53.6% in the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company's stock valued at $279,000 after buying an additional 1,119 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Taiwan Semiconductor Manufacturing by 99.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company's stock valued at $442,000 after acquiring an additional 2,534 shares during the last quarter. 16.51% of the stock is currently 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 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.