Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.2% - Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) fell 0.2% during mid-day trading on Thursday . The stock traded as low as $173.66 and last traded at $174.14. 3,085,575 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 15,835,645 shares. The stock had previously closed at $174.54.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSM. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $916.18 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a fifty day moving average price of $165.73 and a two-hundred day moving average price of $187.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 27.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company's stock valued at $1,844,000 after purchasing an additional 61 shares during the last quarter. Highline Wealth Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 26.2% in the 4th quarter. Highline Wealth Partners LLC now owns 1,190 shares of the semiconductor company's stock valued at $235,000 after purchasing an additional 247 shares in the last quarter. Atlas Brown Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $210,000. West Oak Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2,717.6% during the fourth quarter. West Oak Capital LLC now owns 7,185 shares of the semiconductor company's stock worth $1,419,000 after buying an additional 6,930 shares in the last quarter. Finally, Paragon Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.3% during the fourth quarter. Paragon Advisors LLC now owns 43,777 shares of the semiconductor company's stock valued at $8,646,000 after buying an additional 2,996 shares during the period. 16.51% of the stock is currently 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.