Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.3%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was down 1.3% during mid-day trading on Tuesday . The company traded as low as $163.79 and last traded at $165.93. Approximately 5,365,671 shares were traded during trading, a decline of 64% from the average daily volume of 14,832,853 shares. The stock had previously closed at $168.16.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Finally, TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a fifty day moving average of $146.54 and a 200-day moving average of $127.72. The stock has a market cap of $860.68 billion, a PE ratio of 31.61, a P/E/G ratio of 1.18 and a beta of 1.11. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a yield of 1.17%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $1,810,000. Investment House LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 936.8% in the 3rd quarter. Investment House LLC now owns 21,078 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 19,045 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Taiwan Semiconductor Manufacturing by 383.0% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 41,467 shares of the semiconductor company’s stock valued at $3,603,000 after purchasing an additional 32,882 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 8.1% during the 3rd quarter. Pzena Investment Management LLC now owns 822,537 shares of the semiconductor company’s stock worth $71,478,000 after purchasing an additional 61,975 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 647,458 shares of the semiconductor company’s stock worth $56,264,000 after purchasing an additional 11,941 shares during the last quarter. Institutional investors and hedge funds 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.