Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 4% - Here's Why

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) dropped 4% on Thursday . The stock traded as low as $185.11 and last traded at $186.87. Approximately 7,728,860 shares were traded during trading, a decline of 54% from the average daily volume of 16,869,992 shares. The stock had previously closed at $194.62.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

The stock has a market cap of $934.05 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 0.66 and a beta of 1.06. The business's fifty day simple moving average is $204.74 and its 200 day simple moving average is $191.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 1.52%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.11%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after purchasing an additional 1,476 shares in the last quarter. McHugh Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $605,000. OLD National Bancorp IN increased its stake in Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock worth $22,357,000 after purchasing an additional 2,368 shares in the last quarter. Hardman Johnston Global Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after purchasing an additional 26,847 shares in the last quarter. Finally, Private Client Services LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $201,000. 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.