Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.7% – What’s Next?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was down 1.7% during mid-day trading on Tuesday . The company traded as low as $197.46 and last traded at $198.56. Approximately 4,288,440 shares changed hands during trading, a decline of 72% from the average daily volume of 15,571,337 shares. The stock had previously closed at $201.95.

Analysts Set New Price Targets

Several research firms have weighed in on TSM. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 0.96 and a beta of 1.14. The company has a 50 day simple moving average of $177.14 and a 200-day simple moving average of $165.51.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. RFG Advisory LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 17.1% in the 1st quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after acquiring an additional 385 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 375.6% during the 1st quarter. Sunbelt Securities Inc. now owns 5,251 shares of the semiconductor company’s stock worth $714,000 after acquiring an additional 4,147 shares during the last quarter. Brookstone Capital Management lifted its holdings in Taiwan Semiconductor Manufacturing by 12.0% during the 1st quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock valued at $1,012,000 after purchasing an additional 798 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 68.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 1,842 shares during the period. Finally, Procyon Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 125.7% in the first quarter. Procyon Advisors LLC now owns 16,464 shares of the semiconductor company’s stock valued at $2,240,000 after purchasing an additional 9,169 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.