Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.2% – Here’s Why

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Free Report) shares were down 3.2% during trading on Monday . The company traded as low as $200.05 and last traded at $201.60. Approximately 7,735,245 shares were traded during trading, a decline of 46% from the average daily volume of 14,281,470 shares. The stock had previously closed at $208.37.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on TSM

Taiwan Semiconductor Manufacturing Stock Up 0.0 %

The company has a market cap of $1.04 trillion, a P/E ratio of 32.29, a PEG ratio of 0.93 and a beta of 1.07. The stock’s 50-day moving average price is $197.26 and its 200-day moving average price is $183.79. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 35.10%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FWG Holdings LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 50 shares during the last quarter. Elmwood Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after acquiring an additional 50 shares during the last quarter. Defender Capital LLC. increased its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 56 shares during the last quarter. Hardy Reed LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.2% in the 3rd quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock valued at $805,000 after buying an additional 56 shares during the last quarter. Finally, Logan Capital Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

About Taiwan Semiconductor Manufacturing

(Get Free Report)

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.

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