Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.3%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 0.3% on Thursday . The company traded as low as $135.44 and last traded at $136.24. Approximately 3,209,603 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 15,568,612 shares. The stock had previously closed at $136.69.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSM. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Finally, Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

The business’s 50 day moving average is $129.10 and its 200 day moving average is $106.99. The stock has a market cap of $705.61 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The firm had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.78%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley lifted its stake in shares of Taiwan Semiconductor Manufacturing by 27.7% during the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after acquiring an additional 7,045,899 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 108,945.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock worth $407,603,000 after buying an additional 5,466,898 shares during the period. Capital World Investors boosted its stake in Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after acquiring an additional 4,240,928 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 330.5% during the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock worth $417,374,000 after acquiring an additional 3,687,249 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.