Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 2.1% - What's Next?

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) shares traded down 2.1% during mid-day trading on Tuesday . The company traded as low as $223.20 and last traded at $221.73. 3,290,734 shares were traded during mid-day trading, a decline of 79% from the average session volume of 15,417,966 shares. The stock had previously closed at $226.49.

Analysts Set New Price Targets

A number of analysts have commented on TSM shares. Needham & Company LLC boosted their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Stock Up 4.0%

The stock has a 50-day moving average of $196.04 and a 200 day moving average of $190.70. The company has a market capitalization of $1.21 trillion, a PE ratio of 30.03, a P/E/G ratio of 1.17 and a beta of 1.29. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The business had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of TSM. LaFleur & Godfrey LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $221,000. Brighton Jones LLC lifted its position in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Taiwan Semiconductor Manufacturing by 65.0% in the 4th quarter. Jones Financial Companies Lllp now owns 59,115 shares of the semiconductor company's stock worth $11,675,000 after buying an additional 23,286 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $1,586,000. Finally, Fidelis Capital Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 8.3% during the 4th quarter. Fidelis Capital Partners LLC now owns 2,222 shares of the semiconductor company's stock valued at $444,000 after buying an additional 170 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.