Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.1% – What’s Next?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell 0.1% on Tuesday . The stock traded as low as $183.87 and last traded at $184.86. 2,949,424 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 15,285,150 shares. The stock had previously closed at $185.08.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

The stock has a market cap of $939.73 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 0.85 and a beta of 1.12. The stock has a 50 day simple moving average of $188.85 and a 200 day simple moving average of $174.71. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share 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. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.21%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 13.2% during the third quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company’s stock valued at $1,234,706,000 after buying an additional 750,515 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 5.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 23,353 shares of the semiconductor company’s stock worth $4,055,000 after acquiring an additional 1,207 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Taiwan Semiconductor Manufacturing by 299.8% in the 3rd quarter. Synovus Financial Corp now owns 30,955 shares of the semiconductor company’s stock worth $5,376,000 after acquiring an additional 23,213 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $345,000. Finally, World Investment Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 4,575.5% during the third quarter. World Investment Advisors LLC now owns 55,638 shares of the semiconductor company’s stock valued at $9,663,000 after purchasing an additional 54,448 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.