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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares were down 0.5% during mid-day trading on Tuesday . The company traded as low as $179.80 and last traded at $180.21. Approximately 2,925,173 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 15,039,274 shares. The stock had previously closed at $181.16.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSM shares. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a market capitalization of $937.65 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $195.27 and its two-hundred day moving average is $192.45.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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 dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.52%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $27,000. Accredited Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $31,000. Finally, Roxbury Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $29,000. 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.