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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares dropped 0.5% on Monday . The company traded as low as $191.97 and last traded at $192.02. Approximately 3,560,589 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 15,476,863 shares. The stock had previously closed at $192.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

The business has a fifty day moving average of $180.45 and a 200-day moving average of $168.28. The company has a market cap of $992.47 billion, a PE ratio of 30.71, a P/E/G ratio of 0.92 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.21 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norden Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth about $244,000. Choreo LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 44.8% during the first quarter. Choreo LLC now owns 3,920 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 1,213 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $295,000. Financial Counselors Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 6.3% in the 1st quarter. Financial Counselors Inc. now owns 14,141 shares of the semiconductor company’s stock worth $1,924,000 after buying an additional 838 shares during the last quarter. Finally, Whittier Trust Co. increased its position in Taiwan Semiconductor Manufacturing by 7.2% during the 1st quarter. Whittier Trust Co. now owns 42,179 shares of the semiconductor company’s stock valued at $5,738,000 after buying an additional 2,821 shares in the last quarter. Hedge funds and other 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.