Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.9% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was down 0.9% on Friday . The company traded as low as $173.79 and last traded at $175.79. Approximately 2,275,907 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 15,021,387 shares. The stock had previously closed at $177.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TSM shares. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

The stock has a 50 day simple moving average of $195.68 and a 200-day simple moving average of $192.11. The firm has a market capitalization of $915.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. 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:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. King Luther Capital Management Corp boosted its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 3rd quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock worth $1,201,000 after purchasing an additional 101 shares during the period. Raymond James Trust N.A. boosted its stake in Taiwan Semiconductor Manufacturing by 14.8% in the 3rd quarter. Raymond James Trust N.A. now owns 34,595 shares of the semiconductor company’s stock worth $6,008,000 after purchasing an additional 4,470 shares during the period. Icon Wealth Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 232.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 10,141 shares of the semiconductor company’s stock worth $1,761,000 after purchasing an additional 7,095 shares during the period. Montrusco Bolton Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $11,959,000. Finally, Leelyn Smith LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $4,551,000. 16.51% of the stock is currently owned by institutional investors.

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.