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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price dropped 0.5% on Thursday . The stock traded as low as $192.21 and last traded at $193.05. Approximately 2,559,564 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 15,104,239 shares. The stock had previously closed at $193.98.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

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 stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a fifty day simple moving average of $193.04 and a 200-day simple moving average of $177.99.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 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 issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. DGS Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 8.7% during the 3rd quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock valued at $3,667,000 after acquiring an additional 1,682 shares in the last quarter. Logan Capital Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.1% during the third quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 56 shares during the period. Dantai Capital Ltd grew its position in Taiwan Semiconductor Manufacturing by 62.7% during the third quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock valued at $5,748,000 after purchasing an additional 12,755 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $2,449,000. Finally, Garde Capital Inc. increased its stake in Taiwan Semiconductor Manufacturing by 142.2% in the 3rd quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock valued at $1,085,000 after buying an additional 3,667 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Profile

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.