Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Gap Down to $139.03

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $139.03, but opened at $132.89. Taiwan Semiconductor Manufacturing shares last traded at $131.63, with a volume of 12,231,429 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Stock Down 3.8 %

The firm has a 50-day moving average of $136.64 and a 200 day moving average of $112.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The stock has a market capitalization of $693.99 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate 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. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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 dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.32%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.20%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TSM. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. MBM Wealth Consultants LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. Finally, PCA Investment Advisory Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. 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.