Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.6% – Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares fell 0.6% during trading on Friday . The stock traded as low as $211.19 and last traded at $213.55. 7,325,242 shares changed hands during trading, a decline of 57% from the average session volume of 17,033,641 shares. The stock had previously closed at $214.79.

Analyst Ratings Changes

TSM has been the subject of several research reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a market cap of $1.10 trillion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $198.02 and a 200-day simple moving average of $184.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 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. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a yield of 1.04%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.77%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FWG Holdings LLC raised its position 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 valued at $539,000 after purchasing 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 fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after buying an additional 50 shares during the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after buying an additional 52 shares during the period. Traynor Capital Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% during the fourth quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 52 shares during the last quarter. Finally, XML Financial LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock valued at $525,000 after acquiring an additional 53 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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.