Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.3% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price traded down 1.3% on Monday . The company traded as low as $159.73 and last traded at $163.18. 6,830,141 shares traded hands during trading, a decline of 55% from the average session volume of 15,260,123 shares. The stock had previously closed at $165.25.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Price Performance

The stock has a fifty day moving average of $192.35 and a 200 day moving average of $192.71. The stock has a market cap of $856.23 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost 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 1.66%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Finally, Accredited Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $31,000. 16.51% of the stock is currently owned by hedge funds and other 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.