Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.5% – Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares fell 0.5% during trading on Wednesday . The stock traded as low as $204.55 and last traded at $206.33. 7,634,490 shares were traded during mid-day trading, a decline of 49% from the average session volume of 15,094,130 shares. The stock had previously closed at $207.36.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of recent analyst reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

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 stock’s 50 day moving average price is $195.17 and its two-hundred day moving average price is $180.76. The firm has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 0.93 and a beta of 1.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.08%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.10%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently bought and sold shares of the business. HF Advisory Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 55.5% during the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after acquiring an additional 4,907 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after purchasing an additional 6,664 shares during the last quarter. Advisor Resource Council bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $613,000. Callahan Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock valued at $1,452,000 after purchasing an additional 3,358 shares during the last quarter. Finally, Holocene Advisors LP raised its position in shares of Taiwan Semiconductor Manufacturing by 54.4% in the third quarter. Holocene Advisors LP now owns 647,304 shares of the semiconductor company’s stock valued at $112,417,000 after purchasing an additional 228,155 shares during the period. 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.